Greece says ECB won't let its banks collapse

June 20, 2015 7:57 AM

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Greece says ECB won't let its banks collapse

ATHENS The European Central Bank will not allow Greek lenders to collapse as this would create a domino effect and topple banks in other parts of Europe, a Greek state minister said on Saturday.

As Greece moves perilously close to default and a possible exit from the euro zone, the ECB expanded emergency funding to keep Greek banks afloat, as nervous savers withdrew billions of euros from local lenders in recent days.

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