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Monday, July 6, 2015

ECB chocks Greece: “ELA to Greek banks maintained, Haircuts on collateral for ELA adjusted”

The European Central Bank decided today to maintain and to not increase Emergency Liquidity Assistance to Greek banks, despite a request for an allegedly 3 billion ELA increase sent by Greek government on Sunday. Furthermore the ECB decided to “adjust” “haircuts on Greek collateral for ELA, although it did not […]


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