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- European Central Bank approved the amount of emergency funding (ELA) on Wednesday
European Central Bank approved the amount of emergency funding (ELA) on Wednesday
Reuters reported that the European Central Bank (ECB) approved the amount of emergency funding (ELA) that Greece requested for its banks on Wednesday. The amount has not been disclosed.
The European Central Bank (ECB) Tuesday raised the amount the Greek central bank can lend its banks (the emergency liquidity assistance (ELA)) by "a bit less than one billion euros" to around €89 billion, according to Reuters. It was the fourth increase in less than a week.
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