Cyprus Mail

ECB – Can’t say now if would provide ELA if Greeks vote ‘No’

European Central Bank (ECB) President Mario Draghi(2nd R) and Vice President Vitor Constancio (3rd R) arrive for a news conference in Frankfurt

By Andrius Sytas

European Central Bank Vice President Vitor Constancio said he could not say whether the ECB would provide emergency liquidity assistance (ELA) to Greek banks if Greeks vote ‘No’ in a referendum on Sunday.

Asked if the ECB would grant the assistance that Greek banks need to stay afloat, Constancio said: “I cannot in advance answer that question.

“It will be a decision by the (ECB) Governing Council. We will have to wait and see how the Governing Council as a whole will analyse the situation,” he told a news conference following a speech to a financial conference.

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