ECONOMY

Greek central bank to make request to ECB to raise ELA funding

greek-central-bank-to-make-request-to-ecb-to-raise-ela-funding

Greece's central bank will file a request on Sunday that the European Central Bank raise the amount of emergency funding (ELA) for Greek banks, the country's government spokesman said on Sunday.

"The Bank of Greece will make a request today, and we believe there are valid grounds for there to be an increase in ELA liquidity… there is no reason not to increase liquidity," Gavriil Sakellaridis told ANT1 television.

[Reuters]