https://sputnikglobe.com/20150706/1024297478.html
ECB Maintains Emergency Assistance to Greek Banks Unchanged
ECB Maintains Emergency Assistance to Greek Banks Unchanged
Sputnik International
The European Central Bank (ECB) decided on Monday to keep the level of emergency liquidity assistance to cash-strapped Greek banks unchanged amid fears it... 06.07.2015, Sputnik International
2015-07-06T21:25+0000
2015-07-06T21:25+0000
2015-07-06T21:25+0000
https://cdn1.img.sputnikglobe.com/img/101966/34/1019663459_0:187:3500:2167_1920x0_80_0_0_82555d42e9f5eafb1a1cc78d6d69feb5.jpg
greece
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2015
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
business, newsfeed, financial crisis in greece, greece, the european central bank (ecb)
business, newsfeed, financial crisis in greece, greece, the european central bank (ecb)
ECB Maintains Emergency Assistance to Greek Banks Unchanged
The European Central Bank (ECB) decided on Monday to keep the level of emergency liquidity assistance to cash-strapped Greek banks unchanged amid fears it could cut the financial lifeline.
MOSCOW (Sputnik) — Greek banks have been close to running out of funds after Greeks started withdrawing cash from ATMs amid a lack of agreement between Athens and its major international creditors. The government announced bank holidays last Monday and restricted cash withdrawals to 60 euros a day per person.
"The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015," the bank authority said in a press release.
It added that emergency loans "can only be provided against sufficient collateral."
Following the Greek fallout, ECB has been closely monitoring financial markets and promised it will use any tools available within its mandate to preserve stability in the 19-member euro area.
