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.

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