×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
08
Apr 2026
weather symbol
Athens 22°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Benoit Coeure: Direct ECB financing of Greek govt illegal

The ECB ceiling for T-bill issuance is 15 billion euros, which the country has already reached

Newsroom March 8 11:10

European Central Bank (ECB) Executive Board member Benoit Coeure told the influential daily Frankfurter Allgemeine Sonntagszeitung that the ECB rejects the Greek government’s recent request to issue more short-term debt (via T-bills) because this would be tantamount to illegally financing Greece.

>Related articles

Papastavros: Drillship lease set for April – The Ionian Sea exploration is well planned for February 2027

Marinopoulos: The end of an era – From the dominance of consumption to the final exit

Greek tourism: the three determinants for 2026 – At 21% total contribution to GDP last year

The ECB ceiling for T-bill issuance is 15 billion euros, which the country has already reached.

His comments echo those of ECB President Mario Draghi, who said on Thursday that the ECB would resume normal lending to Greece’s systemic banks only when it sees that Athens is complying with its bailout program.

“The ECB cannot finance the Greek government,” said Coeure. “We’re not allowed to do that. That is illegal.” He added that in the current situation, in which Greece has no access to international lenders, accepting more T-bills as collateral would also be a violation of the ECB’s treaty.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Easter in Pyrgos Santorini: The custom with thousands of lanterns that makes the world go round, see video

April 8, 2026

The blue tremors and the institutional Nikos D., the day’s measures for minors on social media, the Hungarians in Fourlis, Fessas’ deal in Energy

April 8, 2026

Papastavros: Drillship lease set for April – The Ionian Sea exploration is well planned for February 2027

April 8, 2026

Mitsotakis announced a ban on social media for children under 15 years old from 1 January 2027

April 8, 2026

Marinopoulos: The end of an era – From the dominance of consumption to the final exit

April 8, 2026

Greek tourism: the three determinants for 2026 – At 21% total contribution to GDP last year

April 8, 2026

Alarm signal for energy: the Ministry of Environment and Natural Resources is on high alert with successive meetings

April 8, 2026

Trump on Iran ceasefire: ‘It’s a great day for World Peace, China pushed them to negotiate’

April 8, 2026
All News

> World

Trump on Iran ceasefire: ‘It’s a great day for World Peace, China pushed them to negotiate’

"We will help by increasing traffic in the Strait of Hormuz," the US president says in a post

April 8, 2026

Strait of Hormuz: experts warn that the decalcification in fuel prices will be delayed

April 8, 2026

The British destroyer HMS Dragon will make a “resupply stop”…15 days after its arrival in Cyprus

April 7, 2026

In Germany, Christian churches are declining while mosques are multiplying

April 7, 2026

Tehran, following Trump’s threats, uses children, women, students & artists as human shields at bridges & factories

April 7, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα