ECB agrees extra emergency funding for Greek banks

FRANKFURT (Reuters) - Greek banks will be allowed to draw down more emergency funding, the European Central Bank decided on Thursday, increasing it by 900 million euros for one week.

At a news conference, ECB President Mario Draghi said the conditions had been restored for more Emergency Liquidity Assistance (ELA) after a bailout plan was agreed between Athens and the euro zone.

"Things have changed now. We had a series of news with the approval of the bridge financing package, with the votes, various votes in various parliaments, which have now restored the conditions for a raise in ELA," he said.

(Editing by Jeremy Gaunt)

You May Also Be Interested In

• CPI (Jun MoM) -0.4% vs -0.1% Expected; Ex-food and Energy 0.0% vs 0.2%
• Russia accuses Ukraine of terrorism in Sea of Azov as Kyiv opens new front in war
• Several dead in fire at Brussels construction site, authorities say