ECB's Praet Discusses Economic Developments in the Euro Area (FXE) (UUP)

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ECB Pressures Greece on Bailout Extension as Finance Ministers Fail to Reach Agreement (FXE)

February 12, 2015 11:34 AM EST

While Greece and the European Union were said to be in an agreement in principle with respect to the country's bailout program, the European Central Bank (ECB) is also adding a bit of pressure for Greece to extend its bailout or risk losing funding for its banks.

According to Reuters, the ECB's Governing Council held a short-notice teleconference to discuss how long it would be able to keep Greek banks afloat after finance leaders in the EU... More