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ECB lowers ELA ceiling for Greek banks

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European Central Banks governing council lowered the borrowing ceiling for Greek banks by 1.6 billion euros, as it did not object to a Bank of Greeces 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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