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CHARLESTON, S.C. (Reuters) - South Carolina lawmakers took a major step on Monday toward passing legislation to remove the Confederate battle flag that flies at the state capitol in Columbia and has long been denounced by critics as a symbol of slavery.
The European Central Bank on Monday decided to maintain the emergency liquidity assistance (ELA) lifeline to Greek banks, but made it harder for them to access the funds. The ECB's governing council held a telephone conference call Monday evening on Greece's cash crisis after Greek voters rejected further austerity measures in a bailout referendum Sunday. "The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015 after discussing a proposal from the Bank of Greece," the Frankfurt-based bank said in a statement.