What are the implications of the ECB's decision for Greek banks?

Economy Tags: Banking, ECB, Liquidity
Photo by ECB via Flickr https://flic.kr/p/qhZVDy
Photo by ECB via Flickr https://flic.kr/p/qhZVDy

The European Bank took a surprising decision on Wednesday night to lift the waiver on the use of Greek government bonds as collateral by local banks. Below we examine where this decision leaves Greek lenders.

This move means that such collaterals would not be eligible for ECB funding as of February 11.

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