- European Central Bank decides not to raise the amount of emergency funding (ELA) on Wednesday
Market news
9 July 2015
European Central Bank decides not to raise the amount of emergency funding (ELA) on Wednesday
The European Central Bank (ECB) decided not to raise the amount of emergency funding (ELA) on Wednesday. The amount the Greek central bank can lend its banks totals around €88.6 billion.
The ECB wants to await the outcome this weekend's talks on Greece. The central bank will discuss emergency liquidity assistance (ELA) to Greek banks on Monday.
It is likely that Greek banks remain closed.
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