ECB raises emergency funding cap for Greek banks to 80 billion euros - sources

ATHENS (Reuters) - The European Central Bank raised the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the country's central bank by 1.1 billion euros, taking the ceiling to 80 billion euros (£57.5 billion), two banking sources told Reuters on Tuesday.

The move comes after euro zone finance ministers on Monday welcomed some progress in slow-moving talks on a cash-for-reform deal between Athens and the IMF, the European Commission and the ECB but said more work was needed to each a deal.