ECB decides against extending the ELA for Greece

The European Central Bank has decided against further increasing the emergency liquidity assistance towards Greece, after it…

The European Central Bank has decided against further increasing the emergency liquidity assistance towards Greece, after it determined that that the bank deposit outflow was reduced over that past few days.

This decision reportedly means that about 3 billion euros in liquidity are currently available. Last week the European Central Bank took the decision to increase the ELA for Greek banks by 200 million euros.

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