The European Central Bank on Wednesday decided to raise the funds available to Greek banks from the Emergency Liquidity Assistance (ELA) system by 1.4 billion euros, to 76.9 billion euros. Bank of Greece sources said the banks have not yet exhausted the above limit and a “safety cushion” of about 3.0 billion euros remains. The ECB will convene again next week to reappraise the situation concerning Greek banks. (source: ana-mpa)
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