The impact of Lagarde's appointment at the helm of the ECB continues
ecb
Christine Lagarde appointed the head of the ECB
The government considers setting up a special purpose scheme
Amid volatiliy in emerging markets and promises of provisions by Greek government
The development had been previously announced by ECB chief Mario Draghi
This means Greek bonds can no longer be used for collateral for loans
Greeks also have lowest average income
The procedure then provides for approval by the European Parliaments
Addressing the Delphi Economic Forum 2018, Nouy said that both the economic crisis were deeper in Greece compared with most other countries
This would also facilitate the country's access to the ECB's quantitative easing programme