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European Central Bank Lowers ELA Cap for Greek Banks

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) that Greek banks draw from the domestic central bank by 300 million...

European Central Bank to Accept Greek Bonds as Collateral

The European Central Bank has once again agreed to accept Greek bonds as collateral for loans in order to aid the country's struggling banks,...

European Central Bank Lowers ELA for Greece Ahead of Eurogroup

The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday. The Emergency Liquidity Assistance mechanism (ELA) was...

European Central Bank: "Greece Still in Jeopardy of Defaulting"

The European Central Bank (ECB) noted that even though after July Greece's expectations to default diminished, the stakes are still high due to concerns...

European Central Bank Decreases ELA Ceiling for Greece

The European Central Bank (ECB) has decided to further lower the ceiling for Emergency Liquidity Assistance to Greece, the Bank of Greece (BoG) revealed....