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Wednesday, October 7, 2015

ECB reduces ELA Cap for Greece Again

 The Bank of Greece announced on Wednesday that the European Central Bank decided on Tuesday to further decrease the cap for Emergency Liquidity Assistance (ELA) to Greek banks from 88.9 billion euros to 87.9 billion euros. “The 1 billion euro reduction in the ceiling reflects an improvement of the liquidity of Greek banks, amid a reduction of


READ THE ORIGINAL POST AT greece.greekreporter.com