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Thursday, May 5, 2016

European Central Bank Lowers ELA for Greece Ahead of Eurogroup

The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday. The Emergency Liquidity Assistance mechanism (ELA) was lowered to 69.1 billion euros on Thursday, the ECB said after accepting a request made by the Bank of Greece (BoG)  to lower the borrowing ceiling, as a result of


READ THE ORIGINAL POST AT greece.greekreporter.com