March 12, 2015 / 12:41 PM / 2 years ago

ECB ups emergency funding cap for Greek banks by 600 mln euros- source

ATHENS, March 12 (Reuters) - The European Central Bank's Governing Council agreed to raise the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the Greek central bank by about 600 million euros, a banking source told Reuters on Thursday.

The increase takes the ELA ceiling to 69.4 billion euros.

The ECB, which has the ability to expand and restrict ELA operations, has raised the cap in increments, keeping pressure on Athens to strike a political accord over its debt woes. (Reporting by George Georgiopoulos; Editing by Crispian Balmer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below