Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity
Photo by MacroPolis
Photo by MacroPolis

Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.

In the previous month, it dropped at a slower pace of 535 million euros.

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