|
|
|
Athens Macedonian News Agency: News in English, 15-07-08
CONTENTS
[01] ESM Chairman refers Greek aid request to ECB, European Commission
[02] ECB keeps ELA cap for Greek banks 'frozen' at 89 bln
[01] ESM Chairman refers Greek aid request to ECB, European Commission
ANA-MPA -- Eurogroup President Jeroen Dijsselbloem on Wednesday referred
Greece's official request for financial assistance from the European
Stability Mechanism (ESM) to the European Central Bank (ECB) and the
European Commission.
In a letter addressed to European Commissioner for Economic and Monetary
Affairs Pierre Moscovici and ECB President Mario Draghi, Dijsselbloem
informs them of Greece's request for "stability support in the form
of a loan" and asks them to assess the request under ESM rules.
Dijsselbloem asks them to undertake to: a) assess the existence of a
risk to the financial stability of the euro area as a whole or to its
member-states b) to assess, together with the International Monetary Fund
(IMF), whether Greece's public debt is sustainable c) to assess Greece's
actual or potential financing needs He ends the letter by saying that
their assessments, along with the proposal of the ESM Managing Director,
will form the basis of the decision that will be taken by the ESM Board
of Governors, where Dijsselbloem serves as Chairperson.
[02] ECB keeps ELA cap for Greek banks 'frozen' at 89 bln
ANA-MPA -- The European Central Bank (ECB) on Wednesday decided to keep
the Emergency Liquidity Assistance (ELA) for Greek banks frozen at the
same level as on June 26, namely 89 billion euros, without raising or
lowering it further, according to sources.
The ECB board will re-examine liquidity conditions for Greek banks next
Monday, the same sources said, noting that this was adequate to cover
the banking system's needs until next Monday with the existing capital
controls and withdrawal restrictions in place.
|
