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ECB again boosts emergency liquidity for Greek banks: bank source

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The European Central Bank (ECB) again increased emergency liquidity funds for Greece's banks Tuesday, according to a Greek bank source.

The amount of the new increase of the ECB's Emergency Liquidity Assistance (ELA) was not specified, but is the fourth one since Wednesday and came as Greek savers continued withdrawing their money in large volumes from the country's banks.

The European Central Bank (ECB) again increased emergency liquidity funds for Greece’s banks Tuesday, according to a Greek bank source.

The amount of the new increase of the ECB’s Emergency Liquidity Assistance (ELA) was not specified, but is the fourth one since Wednesday and came as Greek savers continued withdrawing their money in large volumes from the country’s banks.

AFP
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