Frankfurt lowers cap for local lenders
The European Central Bank on Tuesday lowered the ceiling for emergency liquidity assistance (ELA) Greek lenders can tap from the Greek central bank to 87.9 billion euros from 88.9 billion euros, the Bank of Greece said yesterday. “The reduction by 1 billion euros of the ceiling reflects an improvement in the liquidity of Greek banks,” the central bank said in a statement. Greek banks, which were shut for three weeks over the summer, have relied on emergency funding in recent months after a wave of deposit outflows, prompted by political uncertainty and the protracted bailout negotiations between Greece and its international lenders.
Thessaloniki-Izmir. Ellinair, a Greek air carrier owned by the Mouzenidis Group, has started operating direct flights from Thessaloniki to Izmir in Turkey twice a week. Flights link Macedonia Airport with Adnan Menderes Airport in Izmir on Tuesdays and Saturdays up until at least the end of March 2016.