ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks

EconomyBanking Tags: Banking, ECB
Photo by ECB via Flickr
Photo by ECB via Flickr

As expected, the European Central Bank’s governing council decided on Wednesday evening to reinstate the waiver on Greek government securities, which was lifted on February 4, 2015.

The waiver will enter into force as of June 29. The ECB noted that its decision takes into consideration the approval of the second tranche disbursement by the European Stability Mechanism (ESM) following the successful completion of the first programme...

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