Government Pressure on Greek Central Bank Said to Rile ECB
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The European Central Bank is increasingly concerned by a deteriorating relationship between the Greek government and the country’s central bank, people familiar with the matter said.
Recent government comments targeting the Bank of Greece have been noted at the Frankfurt-based ECB, which is responsible for monitoring the legally-mandated independence of central banks in the European Union. The ECB may issue formal warnings to the Greek government if the situation worsens, the people said, who asked not to be named as the matter isn’t public. An ECB spokesman declined to comment immediately.