ECB reduces ELA for Greek banks by 300 million euros

The Bank of Greece has announced that the European Central Bank’s Governing Council did not object to an ELA-ceiling for Greek…

The Bank of Greece has announced that the European Central Bank’s Governing Council did not object to an ELA-ceiling for Greek banks of €69.1 billion, up to and including Wednesday, 18 May 2016.

The latest reduction, which was at the request of the Bank of Greece, reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows.

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