Greece Will Increase Emergency Liquidity to Banks by 50 Percent
This article is for subscribers only.
Greece raised liquidity for its lenders by 50 percent or 30 billion euros ($40 billion) through the central bank’s Emergency Liquidity Assistance program.
The increased liquidity, which comes in the form of guarantees from the Bank of Greece, was passed by parliament in Athens yesterday and brings the total available under the ELA program to 90 billion euros.