ECB raises pressure on Greece as Tsipras meets EU peers

February 12, 2015 1:41 PM

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BRUSSELS/FRANKFURT (Reuters) - The European Central Bank raised pressure on Greece on Thursday to extend an international bailout deal or risk a bank collapse, as new leftist Prime Minister Alexis Tsipras told EU leaders austerity is killing his economy and they must find an alternative.

After euro zone finance ministers failed to agree on a joint statement on the way forward on Greece's debt crisis, the ECB's Governing Council held a short-notice teleconference to discuss how long it could continue to keep Greek banks afloat.

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