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ecb says waiver for greek debt revoked, effective aug. 21 | business

ecb says waiver for greek debt revoked, effective aug. 21 | business Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



ecb says waiver for greek debt revoked, effective aug. 21 | business

the european central bank announced on friday it is revoking a waiver on greek bonds, with the decision coming into effect on august 21, a day after the country will officially exit from its third bailout program.ecb's waiver allows greek debt to be accepted as collateral for regular auctions of ecb cash, despite the junk rating of the country's bonds. removing it will shut the lenders' access to cheap fu...