According to the Bank of Greece the Governing Council of the ECB this week lowered the ELA-ceiling for Greek banks from 13.55 billion euros, in March 2018, to 10.21 billion euros in April 2018.
According to the Bank of Greece the Governing Council of the ECB this week lowered the ELA-ceiling for Greek banks from 13.55 billion euros, in March 2018, to 10.21 billion euros in April 2018.
Based on the current trend, financing through the emergency mechanism by the four Greek systemic banks will conclude by the end of the year.