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The European Central Bank (ECB) Governing Council Member Ardo Hansson said on Wednesday that Greece's outlook is slightly brighter now and the volume of ELA (Emergency Liquidity Assistance) may decline.
"The agreement negotiated during the Eurozone summit in mid-July, restart of negotiations and reasonable easing of capital controls helped to increase the confidence of depositors so that the deposits' outflow from Greece was replaced with a small inflow, and the volume of ELA has slightly decreased. The development is fragile, but nevertheless positive. One could predict a further small decrease of ELA, if news from Greece will remain positive," he said.
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