ECB increases ELA limit for Greek banks in first positive signal since referendum

Economy Tags: Banking, ECB, Liquidity
Photo by ECB via Flickr
Photo by ECB via Flickr
During a regular press conference on Thursday, European Central Bank President Mario Draghi announced the lender's governing council decided to approve a Bank of Greece (BoG) request to increase the Emergency Liquidity Assistance (ELA) limit for Greek banks by 900 million euro for one week.

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