Off the wire
• Egypt voices support for Libyan dialogue sponsored by UN  • Israel, Egypt mull renewing ME peace talks amid thaw of ties  • Chinese ambassador eyes closer innovation cooperation with EU  • 2nd LD Writethru: Greek PM announces bank holiday, capital controls, renews call for bailout extension  • 1st LD Writethru: Chinese vice foreign minister says to reach comprehensive Iran nuke deal possible within one week  • News Analysis: Challenges loom for Danish gov't as new Cabinet unveiled  • Interview:There is lot space for China's contribution in Juncker plan, says member of European Parliament  • 1st LD Writethru: Greek PM says central Bank of Greece suggests bank holiday, capital controls  • Obama, Merkel agree effort needed to get Greece to reform and grow in euro zone  • Interview: Africa needs specific steps to address development gaps: senior UN official  
You are here: 　 Home

ECB to maintain its current level of ELA to Greece

Xinhua, June 29, 2015 Adjust font size:

The European Central Bank (ECB) on Sunday announced that it would keep the emergency liquidity to Greece at the current level.

"Given the current circumstances, the Governing Council decided to maintain the ceiling to the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on Friday," said an announcement by the ECB.

The Governing Council stands ready to reconsider its decision, it said.

The ECB said it would work closely with the Bank of Greece to maintain financial stability in Greece after the Greek authorities decided to hold a referendum.

The ECB in the past raised the ceiling of the ELA to Greece for several times and it currently stands at about 85 billion euros. Endit