You are here

ECB likely to hold meeting on Greek ELA on Monday

nabmECB10715.jpg
The European Central Bank's governing council will likely hold a telephone conference on Monday to discuss emergency liquidity assistance to Greek banks, a person familiar with the matter said on Friday.

[FRANKFURT] The European Central Bank's governing council will likely hold a telephone conference on Monday to discuss emergency liquidity assistance to Greek banks, a person familiar with the matter said on Friday.

The ECB kept Emergency Liquidity Assistance (ELA) steady for Greek banks at around 89 billion euros earlier this week but adjusted the haircut on the collateral those lenders offer as security.

Greece submitted a set of reform proposals to its creditors on Thursday aimed at winning their backing for further aid and financial markets rallied, pricing in a deal this weekend.

REUTERS

Read more on the Greek crisis here

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom