Greek banks’ liquidity fully safeguarded, BoG says‏

stournarasGreek banks’ liquidity is fully safeguarded after Wednesday’s decision by the ECB, as liquidity will be offered through the Emergency Liquidity Assistance mechanism, Bank of Greece governor Yannis Stournaras said on Thursday.

Speaking to reporters, after a meeting with Yiannis Dragasakis, the government’s vice-president, whom he briefed over the latest developments in the banking system, Stournaras said that the ECB’s decision to stop accepting Greek state bonds as collateral from February 11 could be lifted in the future, as had happened again in the past, after the country reached an agreement with its creditors.