ECB boost for Greek debt as authorities ponder new market foray

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

Greece was buoyed by the European Central Bank on Thursday, following its announcement that the emergency pandemic purchase programme (PEPP) will be extended beyond the end of 2020.

This means it will run for another year, until June 2021, and its size will effectively double to 1.35 trillion euros by adding another 600 billion euros of asset purchases.

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