Displaying items by tag: ela ceiling

The Governing Council of the European Central Bank approved a request by the Bank of Greece to lower the ELA-ceiling for Greek banks to 51.1 billion euros, up to and including Wednesday, 16 November 2016. 

The Bank of Greece on Thursday announced a drastic reduction in the Emergency Liquidity Assistance (ELA) ceiling for Greek banks by 7.0 billion euros over the next two weeks, saying that this was in part due to returning deposits rather than the ECB's decision to reinstate a waiver for Greek bonds.