Draghi: ECB Raises Emergency Liquidity Assistance To Greek Banks

By William L. WattsMarketWatch Pulse

European Central Bank President Mario Draghi on Thursday said policy makers decided to raise emergency liquidity assistance to Greek banks. Draghi said "several positive things have happened" to allow the rise in the emergency lifeline and that the ECB is operating under the assumption that Greece will remain in the euro. Draghi said policy makers had decided to "substantially accommodate" Greece's request for an increase in ELA, which was boosted by 900 million euros over one week.

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