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05.02.2015Greece: ECB cancels soft treatment of Greek debt in warning to Athens *** ARCHIVE
IHA News Agency
The European Central Bank canceled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal. Greek central bank will have to provide its banks with tens of billions of euros of additional emergency liquidity in the coming weeks.
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Overon
February, 2015 – Athens (Greece):
European Central Bank toughens its stance on Greece
The European Central Bank (ECB) has toughened its stance with Greece by restricting financing to the country's banks. The central bank said it would no longer accept Greek government bonds as collateral for lending money to commercial banks. The move makes access to cash more expensive for Greece's banks.
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