ECB raises emergency funding for Greek banks by $559 million: source

The European Central Bank raised the cap on emergency liquidity assistance Greek banks can draw from the country's central bank by 500 million euros ($559 million), taking the ceiling to 80.7 billion euros, a banking source told Reuters on Tuesday. The ECB has raised the cap in increments, keeping pressure on Athens to strike a deal with its creditors over economic reforms required to unlock remaining bailout aid. Hawks on the Governing Council have pushed for raising the haircut which would eff