Exclusive: ECB rejected Greek funding line request for extra 6 billion euro - sources

ATHENS/FRANKFURT (Reuters) - The European Central Bank rejected Greece's request for 6 billion euros of additional emergency funding on Sunday but is expected to keep the funding line used by Greek banks open until the July 5 referendum, people with knowledge of the matter said. Greeks rushed to withdraw their money from banks, piling pressure on the banking system, after Prime Minister Alexis Tsipras said on Saturday he would call the snap vote on the bailout proposed by creditors. Concerned at the withdrawals, the Bank of Greece asked the ECB's Governing Council to add an extra 6 billion euros to an 89-billion-euro emergency credit line on Sunday, to cover the expected shortfall of cash.

Exclusive: ECB rejected Greek funding line request for extra 6 billion euro - sources source: http://finance.yahoo.com/news/exclusive-ecb-rejected-greek-funding-133302924.html