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

Monday, July 13, 2015

ECB Emergency Lending to Greek Banks to Remain Unchanged

The European Central Bank (ECB) has decided to leave unchanged the volume of its emergency liquidity assistance available to Greek banks. It will remain at EUR 89 B, as reported by a ECB spokesman quoted by the AFP. The decision of the bank’s board of directors comes mere hours after the leaders of the Eurozone reached a formal agreement on the Greek crisis. The new bailout package for Greece is now available and will involve an additional financial boost of EUR 50 B. The frozen liquidity fund means that Greek banks will remain closed over the next several days.