ECB 'to end Greek bank lifeline'

June 28, 2015 8:31 AM

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ECB 'to end Greek bank lifeline'

The European Central Bank is expected to end emergency lending to Greece's banks on Sunday, the BBC understands.

The country's banks depend on the ECB's Emergency Liquidity Assistance (ELA). Its governing council is meeting later.

Also read: ECB relaxes rule of bond lending to avoid repo squeeze

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