ECB Lends Less Money Than was Requested by Greece

The European Central Bank raised the maximum amount of ELA (Emergency Liquidity Assistance) by 400 million euros for Greece on Wednesday, which is less than the Greek central bank requested. Greece asked about 900 million euros from ECB, Bloomberg reports.

According to the last increase, it should take ELA to about 70 billion euros. On the other hand there is information that Greek banks have not used all their ELA and there is around 3 billion euros available.

Greece has to pay more than 2 billion euros in dept by Friday, which includes also payment of the government salaries and pensions by the end of this month.

Source: armedia.am