Policy reactions to the Eurozone crisis

The European Central Bank has lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.0 billion euros to 24.8 billion euros ($29.33 billion), the Bank of Greece said. 

The move reflected improved liquidity conditions, taking into account private sector deposit flows and banks' access to financial markets, it said.

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 25.8 billion euros (23 billion pounds), the Bank of Greece said on Thursday.

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.7 billion euros to 26.9 billion euros ($31.20 billion), the Bank of Greece said on Thursday.

The European Central Bank could buy covered bonds issued by National Bank of Greece under its asset purchase scheme, providing indirect support for the Greek economy, according to financial sources familiar with the matter.

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times.

A written response to a request from a Greek MEP showed the bank collected €7.8 billion in interest payments between 2012-2016 on Greek sovereign bonds acquired under its Securities and Markets bond-buying program (SMP).

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 5 billion euros to 33.9 billion euros, the Bank of Greece said on Thursday.

The move reflected improved liquidity conditions, taking into account private sector deposit flows, it said. The ELA ceiling is valid up to September 20.

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 40.5 billion euros, the Bank of Greece said on Thursday.

The move reflected improved liquidity conditions, taking into account private sector deposit flows, it said. The ELA ceiling is valid up to August 2.

Eurozone governments have not yet provided enough clarity on the type of debt relief they may offer Greece to reassure the European Central Bank that the crisis-hit country's debt is sustainable, ECB board member Benoit Coeure said on Wednesday.

Inflation across the 19-country eurozone held up better than anticipated in the face of waning energy prices, a sign that the region's economic recovery is reverberating across the single currency bloc, official figures showed Friday, according to the USA Today. 

The euro led a broad advance in currencies against the greenback on June 29 after a string of central bankers hinted at an end to loose monetary policies that have been in place since the financial crisis.