What the ECB's latest decision on ELA and collateral haircuts means for Greek banks

Economy Tags: Banking, ECB
Photo by MacroPolis
Photo by MacroPolis

The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros.

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