Free Republic

The European Central Bank is expected to end emergency lending to Greece's banks on Sunday, the BBC understands.Well-placed sources told BBC economics editor Robert Peston a decision to end the Emergency Liquidity Assistance (ELA) would be made by the ECB's governing council later on Sunday.Greek banks depend on ELA.Cutting the lifeline could push Greece out of the euro. Some analysts have tweeted that the ECB is likely to cap, but not end, the ELA.

Tony Blair denied outrageous internet rumours today linking him with the divorce of Rupert Murdoch and Wendi Deng. The internet was awash with unfounded suggestions that the former Prime Minister may have been romantically involved with 44-year-old Miss Deng, who is a close friend. The feverish speculation followed a Twitter claim by BBC business editor Robert Peston, who has close links with senior Murdoch empire insiders, that he had been ‘told that undisclosed reasons for Murdoch divorcing Deng are jaw-dropping - & hate myself for wanting to know what they are’. The rumours are understood to have been emphatically rejected...