Greek bank liquidity has improved materially: ECB's Coeure
Tweet
Share
E-mail
Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017. REUTERS/Kai Pfaffenbach
TALLINN (Reuters) - The liquidity position of Greek banks has improved materially but the return of deposits has only started recently and remains moderate, European Central Bank Executive Board member Benoit Coeure said on Friday.
"The bottom line is that there is a much improved liquidity situation," Coeure told a news conference in Tallinn.
He said that to further improve confidence, Greece needed to conclude future bailout reviews on schedule, including the third review by the end of this year.
Emergency central bank funding to Greek lenders dropped by 3.7 billion euros or 11 percent in August, Bank of Greece data showed.
(Reporting by Balazs Koranyi; Editing by Alison Williams)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canada's Unifor union, GM reach tentative agreements
- Hit by Trump tariffs, Quebec loses appetite for quick separation from Canada
- Paramount and California to hold preliminary talks on Warner Bros deal, NYT reports
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
