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ECB holds new emergency meeting on Greece debt crisis

EU and Greek officials have opened the door to the possibility that the long-waited agreement could be finally clinched today

By Richard Nehme | June 22, 2015 10:37 BST
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Friday saw the ECB approve a €1.8 billion increase the Emergency Liquidity Assistance (ELA) available to Greek banks to avert the prospect of a liquidity crisis. Early indications show that savers have withdrawn billions of Euros over the last few days since talks between the Greek government and its creditors have collapsed. Greece has less than two weeks remaining to strike a deal or face defaulting on a €1.6bn (£1.1bn) loan repayment due to the International Monetary Fund (IMF). Another emergency meeting is scheduled today [...]

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