Governing Council of the European Central Bank

The European Central Bank said Saturday its governing council would meet imminently as Greece appears increasingly to be heading towards a default.

"The Governing Council of the ECB will hold a meeting in due course to discuss the situation. The ECB is closely monitoring developments,» an ECB statement said.

By Alessandro Speciale

Bundesbank President Jens Weidmann said the provision of Emergency Liquidity Assistance by the European Central Bank for Greek lenders raises ?serious? concerns about monetary financing, which is prohibited under European Union rules.

 European Central Bank grants more liquidity to domestic banks as 1.7 billion euros of deposits take flight

By Yiannis Papadoyiannis

By John O'Donnell & Frank Siebelt

Greek Deputy Prime Minister Yannis Dragasakis meets European Central Bank President Mario Draghi on Tuesday, as his government seeks financial breathing room to prevent a default and stay in the euro.

The European Central Bank is making no plans for a Greek exit from the eurozone, ECB Executive Board Member Benoit Coeure said in a magazine interview.

"The exit of Greece is not a scenario we are working on," Coeure was quoted as telling French magazine Alternatives Economiques.

By John O?Donnell & Marc Jones

FRANKFURT - The European Central Bank has no plans to curb or curtail its money-printing program although it expects eurozone economic recovery to broaden and strengthen.

Last month the ECB embarked on an asset-buying program with 60 billion euros a month of news money, which it has said will last until at least September 2016.

By John O'Donnell & Paul Carrel

FRANKFURT - A Greek departure from the euro could expose the European Central Bank to losses on tens of billions of credit, a hole Germany and other euro members may have to fill.

By Jeff Black, Rebecca Christie & Radoslav Tomek

The European Central Bank made more than 1 billion euros ($1.1 billion) of extra funding available to Greek banks as euro-area finance officials told the Athens government it?s time to prove it can be trusted.

The European Central Bank (ECB) Governing Council at Nicosia, Cyprus, on Thursday approved just 500 million euros worth of extra liquidity for banks from ELA, leaving Greece out in the cold and also rejecting Greek Treasury bonds sales until at least July or August.

European Central Bank Chief Mario Draghi met with the press following the ECB Governing Council of central bankers yesterday, attended by Greece's Bank of Greece Governor Yannis Stournaras. During press questiontime most of the conversation was dominated by interest in Greece.