Displaying items by tag: ecb

European Central Bank lowered the borrowing ceiling for Greek banks through the Emergency Lending Assistance mechanism (ELA) by 300 million euros to 71.5 billion.

The representatives of the institutions will visit Athens in the next few days in order to begin the first evaluation of the Greek program, as Commissioner for Economic Affairs Pierre Moscovici announced.

The European Central Bank further reduced the borrowing ceiling for Greek banks, accepting a request by the Bank of Greece