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Nov 2024
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ECB revokes waiver on Greek bonds, into effect on August 21

The development had been previously announced by ECB chief Mario Draghi

ECB President Mario Draghi announces the end waiver for Greek bonds from August 20

This means Greek bonds can no longer be used for collateral for loans

ECB: Greece has lowest growth rate in Eurozone

Greeks also have lowest average income

“Green light” from the Euroworking Group for Greece

The procedure then provides for approval by the European Parliaments

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