# ECB caps emergency liquidity for Greek banks during the 2015 confrontation

Date: 2015

In June 2015 the ECB held ELA for Greek banks, contributing to capital controls. [Draghi](/people/mario-draghi) chaired. The cap is a completed financial-stability act with a social cost in Greece.

## People

- Mario Draghi: https://factrail.ai/people/mario-draghi

## Drivers

- Banking-System Stability: https://factrail.ai/drivers/banking-system-stability

## Sources

- https://www.reuters.com/article/us-eurozone-greece-ecb-idUSKBN0P80Q620150628/
- https://www.ecb.europa.eu/press/pr/date/2015/html/pr150628.en.html

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/ecb-greece-ela-2015