ECB chief Mario Draghi | © Arne Dedert / dpa
The European Central Bank (ECB) has special permission for the use of Greek government bonds repealed. The Bonds may no longer be accepted as collateral for bank loans in the future, the ECB said. So far, Greece has the debt instruments can use accordingly, even though they do not meet the normal minimum requirements on credit ratings. The Governing Council’s decision was based on that currently can not be expected to successfully complete the review of the reform program, a statement said.
The implementation of the reform requirements is a condition of disbursement of aid to Greece , The new government under Prime Minister Alexis Tsipras aims to change course and promoting a new rescheduling model. A few hours before the ECB announcement, the Greek Finance Minister Yanis Varoufakis had met with ECB President Mario Draghi.
According to the ECB’s announcement of the euro gave in US Treasuries were in demand.
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