Greek Uncertainty Hurt Sentiment

Uncertainly in Greece heightened amidst news that ECB Is studying curbs on Greek bank support. While not yet discusses by the Governing Council, policymakers have put together a proposal to increase the haircuts on Greek bank collateral that is offered in exchange for Emergency Liquidity Assistance (ELA) from the Bank of Greece. The proposal has not yet been discussed by the Governing Council.

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Greek Uncertainty Hurt Sentiment