ECB to hold ELA for Greece steady today - Reuters reports

FXStreet (Mumbai) - As per the latest reports from Reuters, the ECB governing council is to hold the Emergency Liquidity Assistance (ELA) steady today.

The Greek deal reached today at the EU summit is more of a pre-deal deal. The deal reached today is to end the last bailout program and the negotiations for next bailout now begins.

However, the Greeks shall have to approve the tough reforms in the parliament, which would be followed by similar approvals in the other national parliaments across the Eurozone.