ECONOMY

Greek banks in focus after ECB stops accepting its bonds

Greek banks in focus after ECB stops accepting its bonds

Greece's economy remained heavily in focus on Thursday (February 5) after the country's finance ministry said its banking system was protected through its access to emergency liquidity assistance (ELA) available from the domestic central bank, after the European Central Bank (ECB) said it would stop accepting Greek bonds in exchange for funding.
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Greece's finance chief Yanis Varoufakis

Greece: Yanis Varoufakis says ECB talks 'fruitful'

Greek Finance Minister Yanis Varoufakis said he had a fruitful discussion with European Central Bank President Mario Draghi on Wednesday (February 4) and delivered the message that there cannot be business as usual in Greece.