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> Economy

ECB raises ELA limit by 2 bn. euro for Greece

An unsurprising move

Newsroom March 25 05:31

The ECB increased the ELA by two billion euros, which means that from 68.9 billion euros, it went over 71 billion.

 

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According to analysts, the ECB’s decision may be attributed to the fact that the bank sent a memo to the four systemic banks to not raise their exposure in Greek T-bills.

 

At the same time, this move comes as no surprise, and is seemingly intended so that the increased needs of banks and the Greek public sector are covered.

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