Arab Today, arab today ecb keeps emergency cash for greek banks at current levels
Last Updated : GMT 16:00:00
Arab Today, arab today
Arab Today, arab today

ECB keeps emergency cash for Greek banks at current levels

Arab Today, arab today

Arab Today, arab today ECB keeps emergency cash for Greek banks at current levels

European Central Bank
Berlin - AFP

The European Central Bank said Sunday it would keep its emergency cash lifeline to debt-hit Greece at current levels, while closely monitoring financial markets and "the potential implications for the monetary policy stance".

"The Governing Council decided to maintain the ceiling to the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on Friday," it said after a telephone conference.

Bank of Greece chief Yannis Stournaras said in the same statement that his bank "will take all measures necessary to ensure financial stability for Greek citizens in these difficult circumstances".

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