ECB reduces ELA to Greek banks by 100 million euros
The European Central Bank reduced the emergency liquidity assistance (ELA) towards Greek banks by 100 million euros, at the request of the Bank of Greece.
According to the statement, the ECB’s Governing Council “did not object to an ELA-ceiling for Greek banks of €71.4 billion, up to and including Thursday, 10 March 2016, following a request by the Bank of Greece”.
Furthermore, the reduction reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows.
You may be interested
Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25thmakis - Jan 22, 2021
The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…
EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccinesmakis - Jan 22, 2021
PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…
Crete is the most popular holiday destination for BritsPanos - Jan 21, 2021
Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…