ECB Maintains Greek Emergency Credit Line
The European Central Bank has made the decision to keep Greece's emergency credit unaltered over the next two weeks, according to an unnamed source.
In July, the ECB heightened its Emergency Liquidity Assistance (ELA) to 90.4 billion euros, to support the nation's banks. This marks an increase of 900 million euros in aid to Greece concerning its third bailout, as reported by Bloomberg News.
An anonymous source stated today that the ECB's executive board has conceded to continue its stable support for an additional two weeks, however the ECB did not offer any comments.
(Source: AFP)
Tagged under
Related items
-
Greece missing big gains in global olive oil trade
-
Trump thanks Greece among UN SC members for vote
-
Djokovic charms Athens crowd, calls Greece 'second home'
-
Two Americans and 25 European ministers in Greece for the EU’s energy independence
-
Why Turkey wants the Eurofighters - Germany's pivotal role and the implications for Greece