What higher ECB haircuts on collateral could mean for Greek banks' liquidity

Economy Tags: Banking, ECB
Photo by MacroPolis
Photo by MacroPolis

Friday’s Eurogroup in Riga ended with eurozone finance ministers rejecting the possibility of an extraordinary meeting before the end of the month and any kind of funding disbursal without Greece having reached a full agreement with its lenders.

However, it is the European Central Bank’s stance following the meeting in Latvia that could prove of even greater concern. During the Eurogroup press conference, ECB President Mario Draghi emphasised that the governing council may have to review the ha...

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