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ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

From blogs.wsj.com

European Central Bank Governing Council member Jens Weidmann said Thursday that the ECB should continue to freeze emergency loans to Greece and capital controls should stay in place until the embattled country can reach a deal with its international creditors. “The Eurosystem should not increase the liquidity provision, and capital controls need to stay in force until an appropriate support package has been agreed by all parties and the solvency of both the Greek government and the Greek banking system has been ensured,” Mr. Weidmann, who also heads Germany’s Bundesbank, said in prepared remarks for a conference in ... (full story)

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