ELA, a life in the public eye

Finally, we have seriously reiterated our request to take advantage of a direct financing line from the Greek Central Bank, via the ELA (emergency liquidity assistance), the public tool of access to banking liquidity...

That’s Crédit Agricole’s chief executive at Tuesday’s shareholder meeting, on the funding options for the bank’s Greek albatross, Emporiki. Via Reuters. We smell no fear of stigma here.