ECB funding for Greek banks edged up in December

  • EUR 76.2 bln in December from EUR 73.4 bln in November
  • Bank of Greece Emergency Liquidity Assistance (ELA) to banks EUR 52.9 bln in December from
  • 42.9 bln in November EUR 13 bln from EUR 42.9 bln (Reuters correction)

ELA numbers will soar in early 2012 as the Greek debt restructuring meant that for a time, the ECB was unable to accept Greek government bonds as collateral…

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