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  • European Central Bank convenes and raises Greece’s ELA ceiling

    The management board of the European Central Bank has reportedly convened on Tuesday morning and decided to increase the…

    The management board of the European Central Bank has reportedly convened on Tuesday morning and decided to increase the ELA (Emergency Liquidity Assistance) funding for Greek banks.

    As the ECB President recently announced, the European Central bank will convene via teleconference whenever it is deemed necessary.

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