According to the Bank of Greece on Thursday, the European Central Bank (ECB) lowered the amount of emergency funding (ELA) to Greek banks by €100 million to €71.3 billion.
“The reduction of €0.1 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows,” the Bank of Greece said in its statement.
The post The European Central Bank lowers the amount of emergency funding (ELA) to Greek banks by €100 million appeared first on forex-analytics.press.