Greece debt-crisis News
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".
"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.
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.
The pan-European FTSEurofirst 300 index rose 0.7 percent, including gains for Spanish and Italian stocks.
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