Multiple potential benefits await Greece if it can clinch QE eligibility

EconomyFeatures Tags: Banking, BoG, ECB, Liquidity By: Manos Giakoumis
Photo by ECB via Flickr https://flic.kr/p/qhZVDy
Photo by ECB via Flickr https://flic.kr/p/qhZVDy

If it manages to conclude the second review, Athens has its heart set on the inclusion of Greek government bonds (GGBs) in the European Central Bank’s quantitative easing (QE) programme, which requires the eurozone central bank to deem Greece’s debt sustainable.

This would mainly stem from the improved investor confidence as the markets will discount the positive impact of future transactions on current bond prices, while the execution of future bond transactions would drive GGB yields even lower, the BoG stres...

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