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Athens Macedonian News Agency: News in English, 15-06-19
CONTENTS
[01] ECB raises ELA for Greek banks by 3.3 bln euros
[02] Emergency Eurogroup meeting to take place on Monday, at 16:00
[03] Creditors consider further loan agreement extension, EU sources say
[01] ECB raises ELA for Greek banks by 3.3 bln euros
ANA/MPA---The European Central Bank (ECB) on Friday raised the ceiling
of emergency liquidity assistance (ELA) provided to Greek banks.
Despite yesterday's dismissal, the Bank of Greece was forced to ask in
an emergency teleconference on Friday the increase of the ELA in order
to counterbalance large bank deposit outflows. According to bankers'
estimates, deposit outflows reached 2 billion euros over the past
two days.
ELA was increased, according to sources, by 3.3 billion euros, which is
considered sufficient in order to meet the banks' liquidity needs. The
ECB's governing council expressed the hope that Monday's summit will
end to an agreement.
[02] Emergency Eurogroup meeting to take place on Monday, at 16:00
ANA/MPA---An emergency Eurogroup meeting will take place on Monday,
at 16:00, according to European sources.
Earlier in the day, French Finance Minister Michel Sapin said that
eurozone finance ministers would meet again ahead of Monday's summit.
"A summit like this is prepared by finance ministers so there will be
a Eurogroup meeting to prepare," he said according to Wall Street Journal.
[03] Creditors consider further loan agreement extension, EU sources say
ANA/MPA---Creditors consider giving Greece a further loan agreement
extension until the end of 2015, according to European Commission
sources. An integral part of this agreement will be to meet Greece's
financial needs in relation to its international loan obligations
in 2015.
According to sources, several issues remain open, mainly fiscal and
structural. On his part, the French Finance Minister Michel Sapin said
that progress has already been made and that it is time to "proceed with
a serious and confidential process," upon which Monday's meeting will be
based in order to achieve a "credible, strong and sustainable agreement."
Meanwhile, Eurogroup head Jeroen Dijsselbloem confirmed an emergency
Eurogroup meeting on Monday, at 16:00.
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