European System of Central Banks
ECB increases ELA limit for Greek Banks to 65 billion euros
The European Central Bank increased the ELA's ceiling for Greek banks to more than 65 billion euros.
The decision is final and valid until Wednesday, when it will be reviewed.
The increase through ELA is associated with the estimated needs of Greek banks in the present.
European Central Bank board members held a teleconference earlier Thursday.
ECB raises ELA threshold on a present-needs basis
By Yiannis Papadoyiannis
The European Central Bank sent another warning signal to Greece on Thursday by granting a small increase in the cash available to local lenders via the emergency liquidity assistance (ELA), which only just covers the current needs of the country?s credit system.
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