ECB keeps emergency liquidity for Greek banks at current level
European Central Bank (ECB)
Frankfurt - Arab Today
The European Central Bank on Monday decided to leave its stop-gap credit facility for Greece, known as Emergency Liquidity Assistance (ELA), unchanged at around 89 billion euros ($99 billion), an ECB spokeswoman said.
The decision by the ECB's board of governors came after eurozone leaders hammered out a bailout package for Greece in marathon talks in Brussels overnight. The institution has kept its ELA cap unmodified since June 27, but last week tightened conditions for Greek banks to access the aid.
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