ECB’s Weidmann Voted Sunday Against Greek Banks ELA Access: Welt
2015-06-28 20:30:23.762 GMT
By Madeleine Lim
(Bloomberg) -- ECB Governing Council member Jens Weidmann
voted Sunday against Greek banks’ continued access to Emergency
Lidquidity Assistance, Germany’s Die Welt reported, citing
unidentified central-bank sources.
* Decision to maintain access but not to raise ELA ceiling was
supported by “large majority” of Governing Council
* Policy makers saw risk that ending Greek ELA access
could ultimately trigger a sovereign default
* Greece’s Central Bank Gov. Yannis Stournaras also opposed
ECB’s decision
* NOTE: Weidmann said last week that Greek ELA raises
“serious monetary financing concerns”
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To contact the reporter on this story:
Madeleine Lim in New York at +1-212-617-2296 or
mlim131@bloomberg.net
To contact the editor responsible for this story:
Madeleine Lim at +1-212-617-2296 or
mlim131@bloomberg.net
2015-06-28 20:30:23.762 GMT
By Madeleine Lim
(Bloomberg) -- ECB Governing Council member Jens Weidmann
voted Sunday against Greek banks’ continued access to Emergency
Lidquidity Assistance, Germany’s Die Welt reported, citing
unidentified central-bank sources.
* Decision to maintain access but not to raise ELA ceiling was
supported by “large majority” of Governing Council
* Policy makers saw risk that ending Greek ELA access
could ultimately trigger a sovereign default
* Greece’s Central Bank Gov. Yannis Stournaras also opposed
ECB’s decision
* NOTE: Weidmann said last week that Greek ELA raises
“serious monetary financing concerns”
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Madeleine Lim in New York at +1-212-617-2296 or
mlim131@bloomberg.net
To contact the editor responsible for this story:
Madeleine Lim at +1-212-617-2296 or
mlim131@bloomberg.net