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ECB Wary of Rushed Judgment on Greece Before Leaders React
The European Central Bank may choose to buy time for politicians to discuss the referendum that has left Greece’s finances hanging by a thread. While the Governing Council is due to talk on Monday on whether to keep supporting the country’s crippled lenders, it’ll probably be reluctant to preempt a planned meeting of euro-area leaders. German Chancellor Angela Merkel and French President Francois Hollande will meet late Monday, and European Union President Donald Tusk called a euro-area summit for Tuesday. A popular vote to reject the terms of an EU-led bailout has left Greece on the verge of running out of ... (full story)