European Central Bank: The announcement comes as as investors reacted to the European Central Bank ECB decision to cut off the debt-ridden nation access to cheap liquidity, leaving Greece finance institutions reliant on the national central bank dwindling emergency liquidity assistance ELA line. , according to Deutsche Welle. Greece 'will not be blackmailed' Greece embattled banks were given the go-ahead to tap an additional ten billion euros $11.37 billion in emergency funding, the new left-wing government in Athens said in a statement on Thursday. The head of Germany powerful Bundesbank, Jens Weidmann, warned Greece against using emergency funding to prop up its banks long-term and said countries must bear the impact of their decisions, further isolating Athens after it all but ditched a reform-for-aid deal.
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