ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy

Economy Tags: Coronavirus, Debt, ECB, Markets
Photo by MacroPolis
Photo by MacroPolis

After seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).

This new asset purchase programme will be in the volume of 750 billion euros until the end of 2020 and includes all assets that are eligible under the existing APP.

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