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ECB Increases Emergency Funding for Greek Bank

The European Central Bank (ECB) has agreed to increase emergency funding for Greek banks, after their customers withdrew more than $4 billion in the past week. The additional ECB funding is reported to be up to $3.4 billion to keep Greek banks afloat only until Monday, when more funds may be needed and as finance ministers of 19 Eurozone countries are expected to meet in Brussels. Contacted by VOA by phone, an ECB official neither confirmed nor denied the so-called emergency liquidity...

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