Greek banks' dependence on ECB declnes

The Greek banks' borrowing from the European Central Bank decreased further in April, according to figures released by the Bank of Greece on Monday.
The Greek banks' total debt to the ECB was 86.8 billion euros in April, down from 87.9 on March 2011.

ECB has set as a condition for the new 30 billion euros package of state guarantee to the banks, the establishment of programmes for the gradual reduction of their dependence on liquidity from the ECB. 

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