ECB lifts emergency funds to Greek banks

ATHENS: The European Central Bank (ECB) again increased emergency liquidity funds for Greece’s banks Monday, according to a Greek bank source who said the ECB may renew the hike “at any time” if necessary.

The new increase of the ECB’s Emergency Liquidity Assistance (ELA) was the third since Wednesday and came as Greek savers continued withdrawing their money in large volumes from the country’s banks.