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Greek banks lowered borrowing from Eurosystem in Jan

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Greek banks lowered their borrowing from the Eurosystem in January to 29.1 billion euros from 33.7 billion a month earlier, the Bank of Greece said in a report.

More specifically, Greek banks lowered their borrowing from the ELA mechanism to 17.4 billion euros in January from 21.6 billion in December 2017, while direct borrowing from ECB’s operations fell significantly to 11.7 billion euros from 21.1 billion over the same months, respectively.

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