Greek banks may be considered solvent after any state default - ECB

Reuters report a German member of the ECB's supervisory board

• Says Greek banks may be considered solvent for several days after any state default

That paves the way for the ELA to be continued

There's a bit more from Reuters now who spoke to ECB supervisor Felix Hufeld who said that if Greece was to default on the IMF payment they could be considered solvent for up to five days