BRUSSELS, June 15 (Reuters) – The European Central Bank (ECB) will continue to endorse emergency funding for Greek banks provided they have sufficient cash and guarantees, said its chairman Mario Draghilundi.
“The liquidity will remain served as long as Greek banks are solvent and present sufficient guarantees”, he has told the European Parliament.
“However, in a situation where the Greek State has no access to the market, this liquidity can not be used to circumvent the prohibition of monetary financing as defined by Article 123 of the Treaty on the Functioning of European Union. “
The discussions between Athens and its donors have reached a dead end last weekend and it remains to Greece two weeks to find a solution in order to repay EUR 1.6 billion to the International Monetary Fund (IMF).
(John O’Donnell, Michelle Martin and Noah Barkin, Wilfrid Exbrayat for the French service, edited by Marc Joanny)
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