ECB Leaves Emergency Lending Program For Greek Banks Unchanged: Reports

The European Central Bank on Wednesday left its cap on emergency liquidity for Greek banks unchanged at around 89 billion euros ($98.4 billion), news reports said. ECB policy makers also made no decision on whether to demand tougher haircuts on Greek government bonds and other debt used for collateral in return for emergency funding, the Financial Times reported. Investors were closely watching the ECB decision after Greece on Tuesday failed to make a 1.54 billion euro repayment due to the International Monetary Fund.