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Greece debt-crisis News

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The ECB Governing Board board said it "decided to maintain the ceiling to the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on Friday".
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"The purpose of what we`re doing is to actually restore stability of the economy in Greece, this is what we`ll continue to do. We`ll continue to work," Lagarde told reporters before joining a meeting of eurozone finance ministers.
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Greece has until June 30 to agree a reform deal in order to secure the remaining portion of its multi-billion-euro bailout, which it needs to avoid defaulting on a debt payment of around 1.5 billion euros to the International Monetary Fund.
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The pan-European FTSEurofirst 300 index rose 0.7 percent, including gains for Spanish and Italian stocks.






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