Greece enjoyed its first relief in months yesterday when it won a cash lifeline for its teetering financial sector and emergency funding to save it from a default that would eject it from the eurozone.
Mario Draghi, head of the European Central Bank, affirmed his faith in Greece remaining in the euro as the central bank raised its limit on emergency loans to Greek banks by €900m over one week.
The move could lead to Greek lenders reopening after being shuttered for nearly three weeks. “The ECB continues to act on the assumption that Greece is and will remain a member of the euro area,” Mr Draghi said.
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