European Central Bank Governing Council Member Christian Noyer: Greek banks would not receive any emergency lending if the Greek government fails to reach a deal with its creditors

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8 julio 2015

European Central Bank Governing Council Member Christian Noyer: Greek banks would not receive any emergency lending if the Greek government fails to reach a deal with its creditors

European Central Bank Governing Council Member Christian Noyer said on Wednesday that Greeks banks would not receive any emergency lending if the Greek government fails to reach a deal with its creditors.

"Our rules oblige us to stop immediately at the point when there is no prospect of a political accord on a programme, or at the point when the Greek banking system crumbles - which would happen if it enters generalised default on all its debts," he said.

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