ECB extends ELA for Greece for the 5th time in a week

FXStreet (Mumbai) - The European Central Bank (ECB) on Wednesday approved the amount of emergency funding (ELA) Greece requested for its lenders for the fifth time in a week, Reuters reported. However, the exact amount of new emergency liquidity provided wasn't disclosed.

Based on Tuesday ELA raise, bankers estimated that the ELA extension amounted to about €1 billion, taking the limit close to €88 billion.