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ECB’s Draghi: Cannot Give A Precise Timeline For Buying Greek Debt

From ecb.europa.eu

Honourable Member of the European Parliament, dear Mr Papadimoulis, Thank you for your letter, which was passed on to me by Mr Roberto Gualtieri, Chairman of the Committee on Economic and Monetary Affairs, accompanied by a cover letter dated 27 July 2016. On 22 June 2016 the Governing Council of the European Central Bank (ECB) decided to reinstate the waiver of the minimum credit rating requirements for marketable instruments issued or guaranteed by the Hellenic Republic, subject to special haircuts. As a result, counterparties were again able to submit marketable instruments issued or guaranteed by the Hellenic ... (full story)

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