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ECB's Liikanen: No lending to Greek banks if no deal by end of February
A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday. Europe's bailout programme for Greece, part of a 240-billion-euro ($270 billion) rescue package along with the International Monetary Fund, expires on Feb. 28 and a failure to renew it could leave Athens unable to meet its financing needs and cut its banks off from ECB liquidity support. Greece's new leftist government, which aims to ease the strict terms of the bailout that have imposed harsh austerity, ... (full story)
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