ECB lowers ELA ceiling for Greek banks

27 October 2017
900 Views

The Bank of Greece (BoG) on Thursday announced that the European Central Bank’s governing council did not object to an ELA-ceiling for Greek banks set at 28.6 billion euros, up to and including Wednesday Nov. 8, following a request by the former.

The reduction of 4.0 billion euros in the ceiling reflects an improvement of the liquidity situation of Greek banks, taking into account flows stemming from private sector deposits and from the banks’ access to wholesale financial markets, a BoG press release read.

You may be interested

The Ancient Greek roots of Feta Cheese
GREECE
shares1647 views
GREECE
shares1647 views

The Ancient Greek roots of Feta Cheese

Panos - Dec 09, 2019

As Greece fights to maintain the name of feta cheese as a Protected Designation of Origin (PDI) product, the Real…

Artwork of banana sold for $120,000 eaten by another artist
ART
shares14 views
ART
shares14 views

Artwork of banana sold for $120,000 eaten by another artist

Panos - Dec 09, 2019

An artwork of an overripe banana duct-taped to a wall that sold for $120,000 (£91,000) has been eaten by a…

Greek boy, 8, with 148.5 IQ is little “Einstein”
GREECE
shares15 views
GREECE
shares15 views

Greek boy, 8, with 148.5 IQ is little “Einstein”

Panos - Dec 09, 2019

He is only eight years old and can calculates complex mathematical calculations in a matter of seconds. Tasos Gerantidis, a…

Leave a Comment

Your email address will not be published.