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Saturday, January 17, 2015

Greek Banks Request Emergency Liquidity as Outflows Grow

Two Greek lenders asked to borrow from the nation's central bank emergency line as deposit outflows already exceed 4 billion euros ($4.6 billion) this month, according to two people with direct knowledge. Eurobank Ergasias SA (EUROB) and Alpha Bank (ALPHA) AE requested to tap the Emergency Liquidity Assistance, or ELA, said a senior Greek government official with knowledge of the matter. A Bank ...


READ THE ORIGINAL POST AT finance.yahoo.com