ECB considering curbs on Greek bank support

FXStreet (Mumbai) - As per Bloomberg reports, the European Central Bank (ECB) is considering putting curbs on Greek bank support if Greece reforms fail to secure bailout funds.

The bank is said to be studying three options for raising haircuts on Emergency Liquidity Assistance (ELA). Though the measures are still not formally discussed, but could be put on the table if Greek reforms fail to secure bailout funds before May 1st.

The ECB is currently underwriting Greek day-to-day survival of the banks.