ecb maintains level of emergency assistance to greek banks
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ECB maintains level of emergency assistance to Greek banks

Arab Today, arab today

Arab Today, arab today ECB maintains level of emergency assistance to Greek banks

European Central Bank
Frankfurt - XINHUA

European Central Bank (ECB) decided to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on June 26, according to a press release issued by ECB on Monday evening.

ECB's decision on ELA to Greece, which as lifeline has been the unique liquidity access to Greek banks for a certain period of time since February, is now one of top concerns within and even outside of the euro area, particularly after Sunday's "No" vote by Greeks to creditors' bailout terms.

Bank of Greece had requested ECB of a raise of ELA funding for Greek banks repeatedly, to which ECB confirmed in its press release that the Governing Council had discussed "a proposal from the Bank of Greece," before it made the decision to maintain the current ELA to that nation with giant debt burdens and high economic risks.

In addition, the Governing Council of ECB decided Monday to adjust the haircuts on collateral accepted by the Bank of Greece for ELA, as well as was determined to use all the instruments available within its mandate, on basis of its close monitoring of "the situation in financial markets and the potential implications for the monetary policy stance and for the balance of risks to price stability," it said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ecb maintains level of emergency assistance to greek banks ecb maintains level of emergency assistance to greek banks

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ecb maintains level of emergency assistance to greek banks ecb maintains level of emergency assistance to greek banks

 



GMT 14:30 2017 Sunday ,22 October

Abe coalition wins resounding victory in Japan vote

GMT 09:44 2017 Tuesday ,17 October

Morocco arrests 11 suspects linked to ISIS

GMT 13:09 2015 Tuesday ,09 June

Slaven Bilic returns to West Ham as manager

GMT 16:04 2017 Saturday ,30 September

Got a yacht? Proposed French tax break makes waves

GMT 13:06 2016 Saturday ,31 December

Syrian passport trade becomes unlikely cash cow

GMT 04:47 2017 Wednesday ,30 August

Mark Zuckerberg welcomes second daughter in Facebook

GMT 00:59 2014 Saturday ,07 June

January 19 - February 17

GMT 10:53 2017 Wednesday ,05 July

AU Summit gives priority to youth empowerment

GMT 17:26 2017 Wednesday ,15 February

Russian jets in ‘unsafe’ encounters with destroyer
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday