All Praise The King of kings and Lord of lords Cuong V Truong
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ELA to Greek banks maintained
Emergency liquidity assistance maintained at 26 June 2015 level Haircuts on collateral for ELA adjusted Governing Council closely monitoring situation in financial markets The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015 after discussing a proposal from the Bank of Greece. ELA can only be provided against sufficient collateral. The financial situation of the Hellenic Republic has an impact on Greek banks since the collateral they use in ELA relies to a significant extent on ... (full story)
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