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's Nowotny: Greek banks can go back to usual funding in case of bailout deal

Greek banks can return to normal European Central Bank (ECB) funding mechanisms if there is a new agreement on the country's debt pile but a lack of an agreement would not automatically close the door to emergency funding, ECB Governing Council member Ewald Nowotny said on Thursday.

ECB to hold emergency cash review for Greek banks this week

The European Central Bank will hold an extraordinary review of the emergency liquidity assistance (ELA) extended to Greek lenders this week, two officials familiar with the matter said, as the Frankfurt-based institution is raising the pressure on Athens to meet its bailout commitments.

Pages