The European Central Bank (ECB) has hiked its emergency lending to Greek banks, raising hopes that lenders may be able to open their doors after more than two weeks of closures.
Speaking at the ECB’s monthly press conference Thursday, bank president Mario Draghi confirmed that the bank would up its funding to lenders in Greece by 900 million euros ($978 million) over one week.
It comes after the Greek parliament voted in favor of an austerity reform package in the early hours of Thursday morning, paving the way for a bailout program.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015