European Central Bank to get questions about Greece, but may not turn on credit tap just yet

MarketsAssociated Press

European Central Bank head Mario Draghi will likely face a blizzard of questions about Greece at his news conference Thursday.

The appearance follows a regular monetary policy meeting at which analysts say the bank is likely to take no action.

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Greece desperately needs the ECB to start letting Greek banks tap emergency credit again so they can re-open after being closed for two weeks.

But the ECB would need a clear sign that the country has a chance at a rescue package that would keep its government and banks solvent. Greece and eurozone countries have agreed to start talks, but a deal won't be final for several weeks.

Analysts say the bank can act now that Greece's parliament has approved new cutbacks demanded as a condition for starting talks.