Greece secures €1.5bn in additional funding

Greece has won access to more emergency funding for its banks as euro-area governments prepared for another round of talks on the country’s financial crisis.

The ECBs Governing Council raised the cap on emergency liquidity assistance by about €1.5bn to €75.5bn in a teleconference yesterday, people familiar with the decision said. Stocks and bonds rose.

Eurozone finance ministers will meet in Riga tomorrow in their latest attempt to persuade Greece to commit to economic reforms so aid payments can be released before the country runs out of money.