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Greece faces resistance to extra bank funds

Thursday, February 19, 2015 - 05:50

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FRUSTRATING SITUATION: Were the ECB to cancel all emergency funding for Greek banks, as it threatened to with Cyprus in 2013, it would leave Athens with no choice but to strike a new deal with its international backers or face bankruptcy.

Frankfurt

THE European Central Bank (ECB) faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform programme.

After talks between Greece and

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