Emer­gency liq­uid­ity as­sis­tance keeps fall­ing

Kathimerini English - - Focus -

Emer­gency cen­tral bank fund­ing to Greek lenders fell by 16 percent, or 10 bil­lion euros, in June com­pared to the pre­vi­ous month, Bank of Greece data showed yes­ter­day. The drop comes af­ter the Euro­pean Cen­tral Bank re­in­stated Greek banks’ ac­cess to its cheap fund­ing op­er­a­tions last month af­ter more than a year on an emer­gency life­line. Emer­gency fund­ing, which is more costly than bor­row­ing from the ECB, dropped

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.