ECB freezes ELA cap for Greek banks at 89 bln
- Written by E.Tsiliopoulos
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.
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