ECB to Decide on Waiver for Greek Bonds at Later Meeting, Draghi Says

ECB to Decide on Waiver for Greek Bonds at Later Meeting, Draghi Says

The European Central Bank (ECB) made no decision on Thursday concerning a waiver that would allow it to accept Greek bonds as collateral, ECB President Mario Draghi said in a press conference after the meeting.
Draghi noted the significant progress made in implementing the Greek programme, as reflected in the Eurogroup decision on May 24, but also that the process of implementing prior actions was continuing.
The ECB president said that the ECB will accept Greek bonds as soon as Athens has concluded the process of adopting the prior actions, with a decision to be taken at a future meeting of the ECB's board.
Greece is seeking a 'waiver' allowing the ECB to accept Greek government debt as collateral for central bank cash even if it does not have an investment-grade credit rating.


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