parthenon.jpg Home Page News Page It's ECB vs. Greece Q: What did the European Central Bank do yesterday that caused a sharp drop today in Greek stocks and bonds? Q: What did the European Central Bank do yesterday that caused a sharp drop today in Greek stocks and bonds? A: The European Central Bank said that because it was not confident that a new deal could be struck when the Greek assistance program ends at the end of the month, it would no longer accept Greek government bonds, or bonds it guaranteed, as collateral starting February 11. As long as Greece was getting assistance, the ECB was willing to waive its rule against accepting below investment grade collateral. It ended that waiver. See Also links url: http://www.economywatch.com/features/Syriza-offers-first-challenge-to-European-neoliberalism.02-04-15.html Title: Syriza offers first challenge to European neoliberalism See Also type: Reference Featured Report That You Might Like: Country Analysis Report: Greece, In-depth PESTLE Insights read more
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