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ECB Raises Greek Banks' ELA Ceiling to €80 Bln

ecb-plagia The European Central Bank (ECB) decided on Tuesday to raise the lending cap for Greek banks via the Emergency Liquidity Assistance (ELA) mechanism by 1.1 billion euros, bringing the ceiling to 80 billion in total, sources said. The decision was made during an ECB board teleconference that ended on Tuesday afternoon.
This means that Greek banks will once again have a buffer of around 3.5 billion euros, while the ECB has not decided to make any changes to the haircut imposed on bonds that Greek banks must give as collateral.
(source: ana-mpa)

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