ECB Said to Confer on Emergency Greek Aid Amid Cash Flight
Greece Capital Controls Likely, Default Not Inevitable
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The European Central Bank plans to hold an emergency session of its Governing Council on Friday to discuss a deterioration in liquidity at Greek banks, three people familiar with the matter said.
The call is scheduled for noon Frankfurt time, when officials will consider a Bank of Greece request for an increase of more than 3 billion euros in Emergency Liquidity Assistance, one of the people said. All three people asked not to be identified as the plans aren’t public. An ECB spokesman declined to comment.