The European Central Bank announced on Friday it will restrict Greek banks’ access to its cheapest funding operations as from August 21, when the country exits the bailout program. The ECB will revoke a so-called ‘waiver’ which allowed Greek banks to post junk-rated government bonds as collateral in regular funding operations, a well anticipated move … The post Greek banks to lose cheap borrowing after ECB revokes waiver appeared first on Keep Talking Greece.
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