Mario Draghi reveals additional €900m in emergency funding and adds backing for debt writeoffs as hopes rise that Greek banks will reopen on MondayBanks in Greece could open their doors on Monday for the first time in three weeks,after the European Central Bank boosted emergency funding for the country’s financial sector by €900m (£630m) and threw its weight behind calls for debt relief for Athens.The ECB president, Mario Draghi, and announced the extension of aid to the country’s banks while backing the idea – championed by the International Monetary Fund but rejected by Germany – that some of Greece’s debts will fill to be written off.Continue reading...,
Source: theguardian.com