FRANKFURT (Reuters) - The European Central Bank set Cyprus a Monday deadline to agree a bailout plan, threatening to cut off funding to the island's cash-strapped banks through Emergency Liquidity Assistance if a bailout programme is not agreed by then with the EU and the IMF.
Below is a factbox explaining what euro zone central bank Emergency Liquidity Assistance (ELA) is and how it can be used.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
