ECB Raises Greek Banks’ ELA Ceiling by 500 Million Euros

ecb-plagia
The European Central Bank (ECB) has increased the Emergency Liquidity Assistance (ELA) provided to Greek banks by 500 million euros, to 80.7 billion euros from 80.2 billion, news agencies reported on Tuesday.

According to the same reports, Greece’s cash buffer remains unchanged at 3 billion euros. The central bank’s governing council also discussed the issue of higher collateral haircut requested by the Greek banks but no decision was made.
(source: ana-mpa)