Economics
ECB Said to Consider Putting New Greek Waiver on June Agenda
- Greek banks reliant on emergency liquidity since Feb. 2015
- EU officials may sign off on bailout review this month
Why Greece Still Needs Debt Relief
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The European Central Bank could discuss restoring Greek banks’ access to its refinancing lines as soon as their June 2 policy meeting, people familiar with the matter said.
A new waiver on Greece’s junk-rated debt will probably be proposed by the ECB board once a staff-level agreement between the government and auditors representing creditor institutions is reached, the people said, asking not to be named as the matter is confidential. A spokesman for the central bank declined to comment. The Governing Council doesn’t have to accept board proposals.