Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.

So the ECB has finally made its move. Mario Draghi has “done what it takes”, writes By Kyran FitzGerald. 

The European Central Bank won crucial backing yesterday for its pledge to do whatever it takes to support the euro when a top EU legal adviser removed a key hurdle to the bank’s plans to buy government bonds to bolster the economy.