ELA ceiling for Greek banks reduced by 3.34 bln€
According to the Bank of Greece the Governing Council of the ECB this week lowered the ELA-ceiling for Greek banks from 13.55 billion euros, in March 2018, to 10.21 billion euros in April 2018.
Based on the current trend, financing through the emergency mechanism by the four Greek systemic banks will conclude by the end of the year.
You may be interested
“Athens is one of the last cities in Europe that can still be old, weird & chaotic”Panos - Jan 17, 2019
At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…
Which Greek island was a top trend for Americans in 2018?Panos - Jan 17, 2019
The Greek island of Mykonos is among the global destinations that have seen the largest increase in demand for air…
F-22 vs. F-35: Which Stealth Fighter Wins in a Shootout?Panos - Jan 17, 2019
The U.S. Air Force’s original plan was for the F-22 to be its high-end air superiority fighter while the F-35…