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- The European Central Bank lowers the amount of emergency funding (ELA) to Greek banks by €0.1 billion
The European Central Bank lowers the amount of emergency funding (ELA) to Greek banks by €0.1 billion
According to the Bank of Greece on Thursday, the European Central Bank (ECB) lowered the amount of emergency funding (ELA) to Greek banks by €0.1 billion to €71.4 billion.
"The reduction of €0.1 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows," the Bank of Greece said in its statement.
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