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The ECB has always said that as long as Greek banks are solvent, then emergency loans, the ELA, can be granted, and now there is naturally a new situation that because of the developments the liquidity and solvency of Greek banks, or some Greek banks, could be in doubt.

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    Who said: "Just as courage imperils life; fear protects it"?
    A George Washington
    B Ernest Hemingway
    C Leonardo da Vinci
    D Mahatma Gandhi