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Athens Macedonian News Agency: News in English, 15-12-03

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] ECB lowers ELA ceiling for Greek banks by 7.8 bln euros‏

  • [01] ECB lowers ELA ceiling for Greek banks by 7.8 bln euros‏

    European Central Bank on Thursday significantly lowered the borrowing ceiling for Greek banks through the Emergency Liquidity Assistance mechanism (ELA).

    The ECB approved a recommendation by the Bank of Greece to lower the ELA ceiling by 7.8 billion euros to 77.9 billion euros until Wednesday, 16 December. This decision reflects an improving liquidity condition in Greek banks, as uncertainty eased and private sector deposit flows stabilised, and the achieved progress in a recapitalisation process of Greek banks.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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