15-06-2015 17:27 via news.yahoo.com

ECB will keep funding lifeline for Greece open if banks solvent

European Central Bank President Mario Draghi said on Monday that the ECB would keep approving funding for Greek banks provided they are solvent, calling for a "quantum leap" in the way the euro zone was organized. As the talks go on, it has fallen to the ECB to keep Greece afloat, by allowing the country and its lenders to run up an ever-higher overdraft with the euro zone. "Liquidity will continue to be extended as long as Greek banks are solvent and have sufficient collateral," Draghi told the
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