ELA to Greek banks rises in April
Emergency central bank funding to Greek lenders rose by 1.04 percent, or 690 million euros in April compared to the previous month, Bank of Greece data showed on Thursday.
The country’s banks have relied on emergency liquidity assistance (ELA) drawn from the Greek central bank since February last year after being cut off from the European Central Bank’s funding window due to stalled bailout talks between the government and its official lenders.
Emergency funding, which is more costly than borrowing from the European Central Bank, rose to 66.88 billion euros at the end of April from 66.19 billion in March, the data showed.
You may be interested
Vaccinated travellers entering the UK from EU and USA will not be quarantinedPanos - Jul 29, 2021
Fully vaccinated travellers entering the UK from the European Union and the United States will not need to be quarantined…
EU signs deal for monoclonal antibody therapyPanos - Jul 29, 2021
The European Union has signed a contract with GlaxoSmithKline for the supply of up to 220,000 treatments of its investigational monoclonal antibody…
The Greek official response answering Turkey’s provocative claims to the UNPanos - Jul 29, 2021
Greece has responded in detail to Turkey’s unfounded and unsubstantiated claims it made on the UN, by sending a letter…