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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, April 15, 2015

ECB raises Greek banks' emergency funding cap by 800 mn euros

The European Central Bank on Tuesday raised the maximum emergency funding that Greek banks can obtain by 800 million euros ($846 million), a banking source said. The latest move -- the second such gesture by the ECB in as many weeks -- lifts the ceiling on Emergency Liquidity Assistance (ELA) to 74 billion euros ($78 billion). Greek banks are dependent on the ECB for financing, but the eurozone ...


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