FRANKFURT (Reuters) - The European Central Bank has made no changes to the eligible collateral Greek banks can put up to receive emergency loans from the Bank of Greece, the ECB said on Monday, dismissing a newspaper report that it had agreed to broaden the framework.
Greek banks no longer have access to the wholesale market and are dependent on their central bank for liquidity. The Bank of Greece is, in turn, dependent on the ECB for approval for providing this so-called Emergency Liquidity Assistance (ELA).
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