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Greek banks' reliance on Eurosystem funding falls sharply

Staff Writer | August 12, 2017
Greek banks’ dependence on Eurosystem funding decreased further in July amounting to 50.4 billlion euros compared to 54.3 billion euros at end June.
Greek banks
Greece   ELA borrowing down 3.3b m-o-m
In specific, ECB borrowing declined 0.5 billion euros m-o-m to 15.8 billion euros.

ELA funding dropped by 3.3 billion euros m-o-m to 34.6.