By Jonathan Davies

The European Central Bank (ECB) has increased its emergency funding to Greek banks again today (Tuesday).

According to Reuters, the ECB raised the Emergency Liquidity Assistance (ELA) limit to €89 billion.

Louka Katseli, the head of the National Bank of Greece, said the country's banks were in serious trouble, stressing that things would get worse if a deal is not struck between Greece and its creditors.

The latest increase in the ELA limit follows positive signs that a deal could soon be reached.