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Cyprus will get ELA until Monday

European Central Bank confirms it would ‘maintain the current level of Emergency Liquidity Assistance until Mar. 25,  for Cyprus as the region struggles to secure a bailout

By Richard Nehme | March 22, 2013 10:50 GMT
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The Euro weakened to 1.2878 against the US dollar, as manufacturing and service-based activity in Europe contracted at a faster pace in March, while the European Central Bank (ECB) warned it would ‘maintain the current level of Emergency Liquidity Assistance, ELA, until 25th March for Cyprus as the region struggles to secure a bailout. The high of the day came at 1.2955 [...]

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