Bundesbank chief concerned about emergency funding for Greek banks

Bundesbank chief concerned about emergency funding for Greek banks

Kostas Tsironis

Jens Weidmann was speaking at a press event with German Finance Minister Wolfgang Schaeuble after a meeting of euro zone finance ministers in Riga.

"As you know I have concerns about granting emergency liquidity on account of the fact that the banks are not doing everything to improve their liquidity situation," Weidmann said.

European Central Bank President Mario Draghi said on Friday Emergency Liquidity Assistance (ELA) would continue to be given to Greek banks as long as they are solvent and have adequate collateral.

(Reporting by Tom Koerkemeier; Writing by Caroline Copley; Editing by Toby Chopra)

TOP READS FROM THE FISCAL TIMES