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Greek bank ELA cap lowered to €51.8B

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Greek bank ELA cap lowered to €51.8B

The ECB did not object to the 's request to reducethe ceiling on emergency liquidity assistance available to Greek banks by €100million to €51.8 billion until Oct. 20, the latter said Oct. 5.

At the height of Greece's mid-2015 crisis, the cap was closeto €90 billion.