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The European Central Bank increases the liquidity for Greece by 900 million euro

22 July 2015 / 20:07:12  GRReporter
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The European Central Bank has increased the limit of the Emergency Liquidity Assistance (ELA) for Greece by 900 million euro, sources report, referring to the international and Greek media.

This is the second consecutive increase within one week after Greece and its creditors signed the agreement in Brussels on 12 July.

Greek banks have received from the Emergency Liquidity Assistance liquidity totalling 90.4 billion euro.

On Friday, the managements of the four systemic Greek banks will be in Frankfurt to participate in preparatory meetings with the representatives of the European supervisory mechanism, which will take place within the new examination of the state of Greek banks.

Tags: EconomyEuropean Central BankEmergency Liquidity AssitanceGreek banksEuropean supervisory mechanism
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