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ECB Boosts Greece’s ELA Amount By 1.2 Billion Euros

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The European Central Bank increased the emergency liquidity assistance (ELA) amount, concerning how much Greek banks can withdraw from the nation's central bank.

The amount was raised to 1.2 billion euros, according to an unnamed source to Reuters today. The individual stated, "Greece got the increase it had asked for," who wished to remain anonymous.

The ELA monetary boost now stands at 73.2 billion euros. The ECB increased the cap on an incremental basis, so that Athens will be pressured to come to an agreement with the nation's global creditors.

(Source: Reuters)