News Greece ECB takes the ceiling to 80.2 billions for Greek banks

ECB takes the ceiling to 80.2 billions for Greek banks

The European Central Bank raised emergency liquidity assistance for Greek banks by 200 million euros ($222 million), taking the ceiling to 80.2 billion euros, according to Reuters official sources.  
 
The same source indicated that the ECB held a "long and exhaustive" discussion on the "haircut" or discount applied to collateral offered by Greek banks but that no decision was made on raising the haircut.
 
The ECB has raised the cap in increments, keeping pressure on Athens to strike a deal with its creditors over economic reforms required to unlock remaining bailout aid.
 
The move comes as crisis-plunged country scrambles to reach a cash-for-reform deal with its euro zone counterparts and the International Monetary Fund.
 
Source: Reuters 
 
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