Deposits in Greek banks continue to tumble despite the European Central Bank increasing its financial life-support to the Greek banking sector by a further €1.1 billion on Wednesday (17 June).
The ECB’s emergency liquidity assistance (ELA) programme for Greek banks now totals €84.1 billion following a meeting of its governing council. The move comes just a week after the Governing Council decided to allow a €2.3 billion increase to the ELA ceiling for Greece, taking it to €83 billion. <...
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