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Tuesday, October 21, 2014

The ECB collateral for Greece must be lowered to 5 pct

According to recent reports, the European Central Bank plans to reduce the “57 percent penalty,” that is the discount applied to almost all Greek government bonds (GGBs) held as collateral by the ECB. That 57 percent penalty has kept borrowing costs for a... ...


READ THE ORIGINAL POST AT www.ekathimerini.com