ECB injects emergency cash to Greek banks - ProtoThema English

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ECB injects emergency cash to Greek banks

The ECB nevertheless refrained from increasing the collateral requirements on Greece's stricken banks

Newsroom May 6 09:29

The European Central Bank on Wednesday approved an additional 2.0 billion euros in liquidity for Greece’s systemic banks via the Emergency Liquidity Assistance (ELA) mechanism, raising the mechanism’s ceiling to 78.9 billion euros from the previous figure of 76.9 billion euros last week.

The ECB nevertheless refrained from increasing the collateral requirements on Greece’s stricken banks.

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