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Thursday, March 5, 2015

Greece cannot rely on ECB to dodge funding crunch

Greece cannot rely on the European Central Bank to raise a limit on Athens' issuance of short-term debt, ECB President Mario Draghi suggested on Thursday. He also said the rules meant the ECB could not buy Greek bonds under its new asset-buying programme. Asked about the short-term debt limit at a news conference following the ECB's meeting in Cyprus, Draghi said that the bank was prohibited by ...


READ THE ORIGINAL POST AT finance.yahoo.com