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ECB seen keeping reduced lifeline for Greek banks after vote - sources

From dailymail.co.uk

European Central Bank policy setters are likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, following Greece's rejection in a referendum of bailout conditions. Such a move would give Greek banks little time before they use up all of the roughly 89 billion euros of funding available and ensure that they remain closed for at least the coming days. But it would avoid the drastic option of withdrawing existing support, a measure that would trigger their immediate collapse. Although no final decision has been taken and the matter will be ... (full story)

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