The European Central Bank within the framework of emergency ELA (Emergency Liquidity Assistance) is ready to provide the Central Bank of Greece up to 68 billion emergency funding.
It is reported by Bloomberg citing its sources, stating that due to that the Central Bank of Greece will be able to provide liquidity loans.
The decision was made after the ECB announced that it would stop funding Greek banks against Greek bonds.
In many cities across the country have been protests against the refusal of the ECB to accept Greek bonds in exchange for funding.
Recall the new prime minister of Greece Alexis Tsipras, who heads the party SYRIZA, has previously said he would seek the cancellation of hundreds of billions of euros of Greek debt. According to him, the “troika” of creditors (EU, ECB and IMF) “came to an end».
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