Policy reactions to the Eurozone crisis

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.3 billion euros to 10.9 billion euros, the Bank of Greece said on Thursday.

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion euros to 12.2 billion euros ($14.40 billion), the Bank of Greece said on Thursday.

The eurozone economy enjoyed easier access to credit in the first quarter, a European Central Bank survey showed on April 24, as banks eased their conditions for lending to firms and households.

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 14.7 billion euros, the Bank of Greece said on Thursday.

Emergency central bank funding to Greek lenders dropped by 2.4 billion euros, or 13.5 percent, in February compared to the previous month, Bank of Greece data showed on Monday.

Emergency funding, which is more costly than borrowing from the European Central Bank, dropped to 15.05 billion euros from 17.4 billion euros at the end of January, the data showed.

Greece will probably not need a precautionary credit line after its bailout ends in August if the country sticks to reforms, the head of Europe's rescue fund said in an interview released on Saturday.

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.2 billion euros to 19.8 billion euros the Bank of Greece said on Thursday.

 The euro single currency area must shore itself up with reforms or face renewed threats of breakup when a new economic crisis strikes, a top European Central Bank official warned Friday.

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.8 billion euros to 22 billion euros ($26.3 billion) the Bank of Greece said on Wednesday.

HSBC echoed the concerns of the Bank of Greece, saying a precautionary program or increased monitoring will be necessary for Greece once the country has emerged from eight years in bailout programs.