ECB emergency funding increases to bleeding of … – Reuters

By George Georgiopoulos and Jan Strupczewski

ATHENS / LUXEMBOURG (Reuters) – The European Central Bank (ECB) raised the emergency funding to Greek banks and savers took 1,200 million euros in a single day on Friday, bankers said, but the prime minister, Alexis Tsipras insisted that the future of euro country is safe.

With Athens increasingly closer a default later this month, the leftist leader told its citizens to be shown that the prophets of the “crisis and terror” are confused because his government will negotiate with your creditors in the European Union and the International Monetary Fund (IMF).

However, EU officials said Finance ministers of the euro zone on Monday discussed how to handle a default unless Athens submit new proposals for reforms and austerity that can convince your creditors to unblock aid from August. [ID: nL1N0Z50YF]

The president of the European Council, Donald Tusk, He said no one should assume that Monday’s emergency summit find a “magic bullet”.

Banking sources told Reuters that after the massive withdrawals of Friday, about 4,200 million euros had left the Greek bank accounts this week despite the efforts of the Bank of Greece to restore calm.

“Today was a difficult day compared to yesterday (Thursday)” He said one of the bankers. “It is likely that Monday is also hard.”

Those responsible for economic policy of the ECB rose for the second time in a week, the limit of the Emergency Liquidity Assistance, the lifeline that keeps afloat Greek banks to a fall in deposits, 1,800 million euros, Greek officials said.

Officials said the ECB will review again the limit at night Monday after the leaders of the governments of the euro zone try to break the deadlock with Athens at its emergency meeting in Brussels. More …