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Emergency funding for Greek lenders falls by €3.34B in April

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Emergency funding for Greek lenders falls by €3.34B in April

Emergency liquidity assistance given to Greek banks fell by 25% to €10.21 billion in April from €13.55 billion at the end of March, Reuters reported May 10, citing data from the Greek central bank.

Greek banks at one stage had close to €90 billion in ELA. The balance outstanding began to fall in June 2016 when the European Central Bank restored access to its cheaper funding windows to Greek lenders.