European Central Bank averts Greek bankruptcy, paper says

ECB's Governing Council agrees to increase the upper limit for the amount of Greek short-term loans that the Bank of Greece can accept in exchange for emergency loans, Die Welt reports.

By Reuters | 01:25 05.08.12 |

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BERLIN - The European Central Bank has saved Greece from bankruptcy for the time being by securing interim financing for it in the form of additional emergency loans from the Bank of Greece, German newspaper Die Welt reported on Saturday.

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European Central Bank averts Greek bankruptcy, paper says

ECB's Governing Council agrees to increase the upper limit for the amount of Greek short-term loans that the Bank of Greece can accept in exchange for emergency loans, Die Welt reports.

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