Greek Banks on Hold for Cheap ECB Cash as Creditors See Progress
- Draghi says ECB took no decision on waiver for Greek lenders
- Talks continuing over “last bits and pieces”: Dijsselbloem
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Greek lenders will have to wait a bit longer before regaining access to cheap European Central Bank money.
Mario Draghi said the Governing Council of the ECB will consider reinstating a waiver allowing the country’s banks to pledge junk-rated collateral in exchange for regular liquidity after auditors representing creditor institutions verify that Greece has completed all pending prior actions attached to the Greek bailout program.