PRESS RELEASE
28
June 2015 - ELA to Greek banks maintained at its current level
- ECB takes note of decision on Greek referendum and the non-prolongation of the EU adjustment programme
- ECB will work closely with Bank of Greece to maintain financial stability
- Emergency liquidity assistance maintained at Friday’s (26 June 2015) level
- Governing Council stands ready to review decision
- Governing Council closely monitoring situation and potential implications for monetary policy stance
The Governing Council of the European Central
Bank today welcomed the commitment by ministers from euro area Member States to
take all necessary measures to further improve the resilience of euro area
economies and to stand ready to take decisive steps to strengthen Economic and
Monetary Union.
Following the decision by the Greek authorities
to hold a referendum and the non-prolongation of the EU adjustment programme
for Greece, the Governing Council declared it will work closely with the Bank
of Greece to maintain financial stability.
Given the current circumstances, the Governing
Council decided to maintain the ceiling to the provision of emergency liquidity
assistance (ELA) to Greek banks at the level decided on Friday (26 June 2015).
The Governing Council stands ready to reconsider
its decision.
Mario Draghi, ECB President, said: “We continue
to work closely with the Bank of Greece and we strongly endorse the commitment
of Member States in pledging to take action to address the fragilities of euro
area economies.”
Yannis Stournaras, Governor of the Bank of
Greece, said: “The Bank of Greece, as a member of the Eurosystem, will take all
measures necessary to ensure financial stability for Greek citizens in these
difficult circumstances.”
The Governing Council is closely monitoring the
situation in financial markets and the potential implications for the monetary
policy stance and for the balance of risks to price stability in the euro area.
The Governing Council is determined to use all the instruments available within
its mandate.
http://bitzimbardi.blogspot.gr/2015/06/blog-post_5.html
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