MILAN, July 2 The European Central Bank will
take account of the outcome of Greece's referendum on Sunday in
deciding the terms of any future liquidity it offers to Greek
banks, ECB Governing Council member Josef Bonnici said on
Speaking to reporters in Milan, Bonnici said the value of
collateral which Greek banks must offer in exchange for
Emergency Liquidity Assistance (ELA) "will depend on Greece's
decision" in the referendum.
The ECB has been keeping Greek banks running with emergency
liquidity as the country's debt crisis worsened.
"ELA is not an infinite fund," Bonnici said.
(Reporting by Elvira Pollina and Valentina Za, writing by Gavin
Jones, editing by Isla Binnie)