Exclusion from QE confirmed, only ECB's reinvestment programme left

EconomyProgramme Tags: ECB
Photo by ECB via Flickr https://flic.kr/p/qhZVDy
Photo by ECB via Flickr https://flic.kr/p/qhZVDy

During the final press conference before the summer holidays and about three weeks before Greece concludes its third adjustment programme, the European Central Bank’s (ECB) president Mario Draghi confirmed what was widely anticipated, which is that the country will not be eligible for ECB’s QE programme.

When asked whether Greece is now closer to being reintegrated into ECB’s programmes, Draghi said that Greek government bonds are not eligible for QE and need a waiver, which was available while the programme was in place. After the programme expires, th...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.