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ECB Said to Favor Less Emergency Aid for Greek Banks Than Sought

News that Greece made 450 million euro payment to IMF lifts stock market.

By Karl Stagno Navarra and James Hertling, Bloomberg | Updated on April 09, 2015

Greece probably won’t get all the emergency funds it’s requesting for its banks this week, according to two people familiar with the situation.

The Bank of Greece asked the European Central Bank to approve an increase of between 800 million euros ($860 million) and 900 million euros of Emergency Liquidity Assistance, the financial lifeline keeping the country’s lenders and the economy afloat, said one of the people. Both asked not to be named because the talks are private.

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