Pages

Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Thursday, May 28, 2015

ECB officials say no to easier funds for Greece now

By John O'Donnell and Georgina Prodhan FRANKFURT (Reuters) - European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. Speaking to journalists in Frankfurt, the ECB's vice president underlined the seriousness of the situation facing Greece, talking openly about a possible default, which would be the first of its kind in the 16-year-old currency bloc. "Only when the final review of the ... programme will be completed and successful we, the Governing Council, can consider changing that.


READ THE ORIGINAL POST AT uk.news.yahoo.com