- European Central Bank raised the amount the Greek central bank can lend its banks
Market news
22 June 2015
European Central Bank raised the amount the Greek central bank can lend its banks
The European Central Bank (ECB) Monday raised the amount the Greek central bank can lend its banks (the emergency liquidity assistance (ELA). An amount was not disclosed by the central bank. It was the third increase in less than a week.
The ECB had raised the ELA by €3.3 billion to €87.4 billion on Friday.
It is likely to be the reaction to the massive withdrawals from the Greek banks.
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