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ECB decreases borrowing ceiling available to Greece

03 August 17 - RE+D Magazine
ECB decreases borrowing ceiling available to Greece

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European Central Bank's governing council lowered the borrowing ceiling for Greek banks by 1.6 billion euros, as it did not object to a Bank of Greece's request for an ELA-ceiling for Greek banks of 38.9 billion euros, up to and including Thursday, 7 September 2017.

 

The reduction of 1.6 billion euros in the ceiling reflects an improvement of the liquidity situation of Greek banks, taking into account private sector deposits flows.

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