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ECB to fund Greek banks as long as they remain solvent

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ECB to fund Greek banks as long as they remain solvent

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Greek banks will continue to be funding by the ECB as long as they remain solvent and have sufficient collateral.

The claim was made by the ECB’s Executive Board Member Benoit Coeure in an interview with Greek newspaper Kathimerini.

He said imposing capital controls was “not a working assumption” and dismissed the idea of Greece leave the euro as “out of the question.”

Asked about whether the ECB would return to Athens profits made on Greek bonds it bought at the height of the debt crisis, Coeure said that this hinged on Greece successfully concluding its bailout review.