ECB Said to Limit Greek Lenders’ Treasury-Bill Holdings
Greek Situation Better Than a Week Ago
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The European Central Bank banned Greek banks from increasing holdings of short-term government debt, as concerns over the state’s solvency grow, people familiar with the matter said.
The ECB’s Governing Council approved a proposal by the central bank’s supervisory arm to legally prevent the country’s lenders from buying any more treasury bills, less than a week after it stalled a similar measure giving political talks between Greece and its creditors more time. The people asked not to be named because the matter isn’t public.