The Latest on Greece: ECB official warns on Greek banks aid

June 25, 2015 1:09 PM

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The head of Germany's national central bank is warning that the lifeline keeping Greece's banks afloat may run afoul of European rules.

Jens Weidmann, who sits on the governing council of the European Central Bank, says the long-term provision of emergency credit to Greek banks "has become the banks' only source of funding."

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