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Piraeus Bank to Quit European Aid in 2018

Piraeus Bank has significantly reduced its reliance on the European Central Bank's Emergency Liquidity Assistance (ELA), and plans to fully eliminate it in 2018,...

ECB Lowers Funding Cup for Greek Banks by €1.1 Billion

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros...

Alpha Bank Analysis Sees Return of Confidence in Greek Economy

A gradual return of confidence in the Greek economy following the completion of the second review is becoming increasingly apparent, according to a report...

How Two Years of Capital Controls Hurt Greek Trade

It was June 27, 2015 when the finance minister at the time, Yanis Varoufakis, and the Greek government decided to impose capital controls in the...

ECB Lowers ELA-Ceiling for Greek Banks by 100 Mln Euros

The European Central Bank on Thursday approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks by 100 million...

ELA for Greek Banks Dropped 700 Mln Last Month

Greek banks lowered their borrowing from the ELA mechanism and the Eurosystem in March to 59.7 billion euros, from 61.9 billion in February, the...

ELA Borrowing Ceiling for Greek Banks Unchanged

The borrowing ceiling from the ELA mechanism for Greek banks remained unchanged, the Bank of Greece said on Thursday. The Governing Council of the ECB,...

ELA Borrowing Ceiling for Greek Banks Remains Unchanged

European Central Bank's governing council on Thursday approved a request by the Bank of Greece to maintain the ELA borrowing ceiling for Greek banks...

Second Review Delay ‘Credit Negative’ for Greek Banks, Moody’s Reports

A delay in concluding a second review of the Greek support program threatens to put at risk the restructuring programs of Greek banks, Moody's...

ECB Lowers ELA Ceiling for Banks

The Governing Council of the European Central Bank approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks to...

ECB’s Draghi Wants Debt Relief for Greece, States Concern

European Central Bank Chief Maria Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary...

ECB Lowers Emergency Funding Caps for Greece to 51.9 Billion Euros

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from Bank of Greece by 0.9 billion euros to...

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