European central bank stopped providing liquidity for some Greek banks

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Source: Reuters
European central bank stopped operations with Greek banks which were not recapitalized and now are under emergency liquidity assistance of Greek central bank. ECB sources stated that support to Greek banks will be renewed once recapitalization of the banks will take place and their solvency will be according to the requirements. On April 27 Greece's minister cabinet agreed a national bank support fund will relocate EUR 18b of Euro bonds for interim recapitalization of Greece's four largest lenders. This process should be finalized next week and bank's should be fully recapitalized till the end of the year.
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