European Central Bank President Mario Draghi said it is urgent that Greece strikes a deal with creditors, although its banks continue to meet the requirements for Emergency Liquidity Assistance. “ELA will continue to be given to the banks if they’re judged to be solvent and if they have adequate collateral which is the case now,” Draghi told reporters on Saturday at the International Monetary Fund’s meetings in Washington. The Frankfurt-based ECB decides on Greece’s financial lifeline on a weekly basis. The funding has so far helped defer a financial meltdown as euro-area governments hold back bailout money, ... (full story)