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Greek banks' reliance on Eurosystem funding falls sharply

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Staff Writer |
Greek banks
Greece   ELA borrowing down 3.3b m-o-m

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.

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.


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