ECB refuses Greek government bonds as collateral: What does it mean?

Economy Tags: Banking, ECB, Liquidity
Photo by Kiefer via Flickr
Photo by Kiefer via Flickr

In an unexpected move, the European Central Bank announced on Wednesday night that it is lifting the waiver on Greek banks using junk-rated government bonds as collateral for funding.

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

If you are already registered, please sign in.

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.

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.