Thu, 17 May 2012 09:04:29 GMT
ECB Halts Lending to Some Greek Banks as Draghi Talks Grexit
For the first time President of the European Central Bank
Mario Draghi acknowledged the possibility of Greece exiting the euro area,
making it clear that balance sheet's integrity is the top priority for ECB
despite their strong commitment to keep the currency area together. Following
this announcement, ECB will temporary stop issuing loans to some Greek banks until they
finalise recapitalisation. As soon as it