Greece banks

  European Central Bank lowered the borrowing ceiling for Greek banks from the ELA mechanism by 200 million euros, the Bank of Greece said on Thursday. In a report the central bank said that on 16 November 16, 2016 the Governing...

By Jagjit Chadha, University of Kent Greek citizens preparing to vote in a referendum have been implored by their coalition government to reject a deal with the country’s creditors which, in actual fact, might have worked to keep the country afloat...

By Panicos O. Demetriades, University of Leicester As ECB froze the level of emergency liquidity assistance (ELA) it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold. Capital controls are on the way, with all the...

Greek Prime Minister Alexis Tsipras made a dramatic call to Europe to increase its Emergency Liquidity Assistance (ELA) to Greek Banks, in order for Greece not to turn to chaos. The European Central Bank (ECB) did not kept the financial...