Emergency central bank funding to Greek banks decreased in November compared to the previous month, Bank of Greece data showed on Wednesday, Reuters reports.
Emergency funding, which is more expensive than borrowing from the European Central Bank, dropped to 2.7 billion euros ($3.06 billion) from 3.58 billion euros at the end of October, the data showed.
Greek banks have relied on emergency liquidity assistance (ELA) drawn from the central bank since February 2015 after being cut off from the ECB’s funding window due to stalled bailout talks between the government and the country’s official creditors.
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