The ECB would support the financial system of Greece before the referendum – Ekho Moskvy radio station

It was reported earlier that the regulator will stop providing loans to Greek banks.

The Board of Governors of the European Central Bank decided to maintain the level of short-term loans on Friday, provided the Greek banks in the framework of emergency assistance. This is stated in a press release the ECB. It is noted that the central bank is ready to reconsider its decision. Earlier, sources BBC reported on Sunday that the ECB will stop issuing loans to Greek banks. This can lead to the fact that Athens will have to “announce bank holiday Monday prior to introduction into the country of capital controls.” Subsequently, the Greek Finance Minister Janis Varufakis said that the government will not take such a step as capital controls are not consistent with the monetary policy of the European Union. ECB serves Greek Central Bank liquidity, which is then distributed

among the local banks. In recent weeks, European bank several times to increase lending. Nevertheless, the Greeks fear that banks are not open on Monday, lifted from their accounts billions of euros. On Saturday ATMs formed long lines.

On the eve of Prime Minister Alexis Tsipras of Greece announced a referendum in which citizens must accept or reject the terms of European lenders. Himself Tsipras urged Greeks to vote against.