ECB raises emergency funding cap for Greek banks to 76.9b euros: source
[ATHENS] The European Central Bank raised the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the country's central bank by 1.4 billion euros, taking the ELA ceiling to 76.9 billion euros, a banking source told Reuters on Wednesday. "With the new cap there is an unused liquidity buffer of about 3.0 billion euros," the source said, declining to be named.
The ECB has raised the cap in increments, keeping pressure on Athens to strike a deal with its creditors over economic reforms required to unlock remaining bailout aid.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations