Cyprus Mail

ECB seen holding emergency funding for Greek lenders stable

The European Central Bank has had many inquiries from British-based banks wanting to come under its watch

The European Central Bank is seen holding Emergency Liquidity Assistance (ELA) steady to Greek banks when its Governing Council of policy-setters talk by phone on Monday, people with direct knowledge of the matter said.

Two people said that they did not anticipate an increase yet, with the Greek government now tasked with passing legislation to reform in the coming days in return for aid.

“I’m sure that (Bank of Greece Governor) Yannis Stournaras will ask. But I am also sure that the governors will not increase ELA,” said one of those people.

Related Posts

Cyprus and Greece trade relations have further growth potential

Kyriacos Nicolaou

Seven migrants killed, eight injured in Greece road accident

Reuters News Service

Greece imposes further restrictions on unvaccinated, even if they test negative

Reuters News Service

Greeks march to mark anniversary of 1973 student revolt

Reuters News Service

Johnson rebuffs demand for talks on Parthenon marbles, Cyprus on the agenda

Reuters News Service

Greece wants dialogue with UK for return of Parthenon sculptures

Reuters News Service

1 comment

Comments are closed.