ECB leaves emergency funding to Greece unchanged at €89bn
European Central Bank (ECB)
Athens - AFP
The European Central Bank on Wednesday decided to leave its stop-gap credit facility to Greece, known as Emergency Liquidity Assistance (ELA), unchanged at 89 billion euros ($99 billion), a banking source said.
The decision by the ECB's board of governors was expected. The institution has kept its ELA cap unmodified since June 27, when Greece called its referendum that rejected bailout terms from creditors. On Tuesday, though, it tightened conditions for Greek banks' access to the aid.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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