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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

Monday, July 6, 2015

ECB haircut adjustment will not hit Greek banks' business

FRANKFURT (Reuters) - The European Central Bank's adjustment to the discount on Greek banks' collateral for emergency funding will not impact their regular business, a person familiar with the situation said on Monday. "It doesn't change anything for the everyday business of the banks in Greece because there is a buffer between the level of ELA (Emergency Liquidity Assistance) and the level of the collateral," the person said. (Reporting By John O'Donnell; editing by Balazs Koranyi)


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