Mario Draghi: The central bank - headed by president Mario Draghi - is now said to have sanctioned so-called emergency liquidity assistance for the banks, whose worried savers withdrew billions in the run-up to last month s elections, according to The Independent. The emergency funding is sanctioned by the ECB, which declined to comment and The ECB sent shockwaves through the nation s lenders this week by refusing to accept Greek government bonds as collateral for funding as the nation s Left-wing leadership presses to renegotiate the terms of two bailouts worth a combined 240 billion. The news came as officials said the eurozone s finance ministers will hold an extra meeting devoted to tackling the Greek crisis next Wednesday.
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