(VOVworld) - The European Central Bank (ECB) decided on Wednesday to leave its emergency credit lifeline for Greece unchanged.
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The headquarters of the European Central Bank in Frankfurt am Main (Photo: AFP/ VNA) |
The ECB executive board acted as experts from the bank, the EU, and the International Monetary Fund returned to Athens to discuss a new bailout of up to 86 billion euros ($95 billion) over three years.
The Frankfurt-based bank a week earlier boosted its Emergency Liquidity Assistance for Greece's struggling banks by 900 million euros to 90.4 billion euros after Athens and its creditors reached an in-principle agreement for a third bailout in return for tough reforms.
Greece’s banks have re-opened after 3 weeks of closure following the ECB’s decision, but capital flow is still under control.