The ECB would not cut ELA support to Greece if it misses an IMF payment

Handelsblatt reporting unnamed central bank sources

• The ECB and EFSF would not immediately cut support to Greece if it failed to make a scheduled payment to the IMF
• ECB could still allow the Greek banks to receive emergency liquidity assistance in the event that Greece misses a payment
• ECB would assess the risk but it would not automatically have to stop ELA
• the EFSF would also not automatically abandon Greece if it failed to make a payment

Bloomberg reporting

Earlier Eamonn posted remarks from Greek fin min Varoufakis that a deal is "very close"