ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks

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

The European Central Bank (ECB) President Mario Draghi confirmed in a press conference on Thursday that assset-backed Securities (ABSs) and covered bonds from Greece and Cyprus, which until now have not been eligible as collateral with the Frankfurt-based lender, will now be "subject to specific rules with risk-mitigating measures.”

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