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- European Central Bank decides not to raise the amount of emergency funding (ELA) on Monday
European Central Bank decides not to raise the amount of emergency funding (ELA) on Monday
According to a European Central Bank (ECB) spokesman, the ECB decided not to raise the amount of emergency funding (ELA) on Monday. The amount the Greek central bank can lend its banks totals around €88.6 billion.
Earlier, a deal between Greece and its lenders has been reached. The deal needs to be approved by national parliaments before talks about a bailout programme can start.
The Greek government should have to pass a series of reforms, including tax and pensions reforms, into law by Wednesday to restore trust.
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