According to Bloomberg the Greek Prime Ministers ambition to drive the country out of crisis is impeded by an obstacle placed by Mario Draghi for buying Greek bonds.
Officer of Eurozones central bank who participated in the negotiations explains to Bloomberg that policymakers are determined that Greece should remain under financial supervision in order to participate to the plan of buying ABS bonds.
Further the report notes that the conditions set by Draghi to buy ABS bonds, creates an additional barrier for Samara who already has to convince investors that Greece is worthy.
Manager OF SteppenWolf Capital LLC. Mr. Antreas Koutras stated to Bloomberg that: ” Draghi’s statement, the “no program – no buying bonds” is an indirect warning to the Greek Prime Minister against premature exit from the program “. He added that ” the final conclusion is that the Greek banks must find buyers for the bonds, as ECB will not buy them of itself. Although ECB has lowered its standards, the Greek banks will not have much benefit”.
Finally, Bloomberg recalls its own data, according to which the Greek banks hold almost 20 million dollars worth covered bonds.