Draghi Says Greek Waiver Depends on Program Compliance

Draghi Says Greek Waiver Depends on Program Compliance

Following a successful recapitalisation exercise, the demonstration of strong commitment to and compliance with a new macro-economic adjustment programme and ownership of the programme were keys to enhancing the confidence of depositors and market investors in the Greek banking system, European Central Bank President Mario Draghi said in a letter replying to Greek Eurodeputies Dimitris Papadimoulis and Stelios Kouloglou on Wednesday.
In his letter, Draghi presented three specific criteria which must be met in order for government bonds to be eligible for purchases under the ongoing public sector purchase programme (PSPP).


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