ECB Said to Raise Emergency Greek Bank Aid to Near $100 Billion
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The European Central Bank raised emergency funding for Greek lenders for the third time in less than a week, people familiar with the decision said.
The Governing Council increased the cap on Emergency Liquidity Assistance to 87.8 billion euros ($99.8 billion) in a telephone conference on Monday, and another review will take place within 24 hours, the people said, asking not to be named as the call was private. The limit was increased by 1.1 billion euros to 84.1 billion euros on Wednesday, and by a further 1.8 billion euros on Friday. An ECB spokesman declined to comment.