ECB decision on greek bonds

Greece, Olga Lafazani

by Olga Lafazani

ECB decided no longer to accept Greek government bonds as collateral for lending money to commercial banks.

It is a way to put pressure (or even threaten) the new Greek government to discipline with Troika and memorandum terms signed by the previous governments.

For more see:

ECB cancels soft treatment of Greek debt in warning to Athens

European Central Bank toughens its stance on Greece

At the same time, though, the euro falls in the markets as an outcome of the ECB decision.

Olga Lafazani