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    The EURO logo is pictured in front of the European Central Bank, ECB in Frankfurt/Main, central Germany, on November 6, 2014

    European Central Bank Expected to End Emergency Assistance to Greece Sunday

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    The European Central Bank is expected to end the emergency assistance to Greek banks on Sunday, the BBC reported, citing its own sources.

    MOSCOW (Sputnik) — According to the BBC source, Greece will probably have to announce a bank holiday on Monday to introduce capital controls – restrictions on customers’ withdrawals — if the European Central Bank decides to end the funding.

    Athens and its major international creditors, including the European Central Bank, have until Tuesday to hammer out a deal to prevent Greece from defaulting on its massive debt, which could contribute to pushing the country out of the Eurozone.

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    Tags:
    financial aid, bailout program, debt talks, Eurozone, The European Central Bank (ECB), Greece
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