Eurosystem funding for Greek banks shoots up by 11.2 bln in December

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity

Greek banks’ Eurosystem funding shot up by 11.19 billion to 56.04 billion euros at the end of December from 44.85 billion at the end of November, according to the Bank of Greece's (BoG) annual financial statement.

The monthly rise is the highest after the increase of nearly 30 billion euros recorded in February 2012. Following a sharp drop by more than 30 billion euros in the 9-month period of 2014, ECB funding had risen by a cumulative 2.28 billion in October an...

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