ECB does not raise ELA for Greek banks, capital controls continue

 ANA-MPA — The European Central Bank (ECB) governing council has left the lending limit for Greek banks from Emergency Liquidity Assistance (ELA) unchanged at just under 89 billion euros, during a meeting of its governing board on Monday, sources said.

In light of the decision, Greece’s Alternate Finance Minister Dimitris Mardas has decided to extend a bank holiday for a few more days, as well as restrictions on cash withdrawal, during a meeting held at the General Accounting Office with bank representatives earlier on Monday.
Details are to be included in a Legislative Act to be issued later in the day, while the ECB will re-examine its decision on Wednesday.