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5 Feb 2015
Greek Government official states ECB’s stance to have limited impact – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team cite a Greek Government Officials comments that ECB’s stance to curb liquidity for Greek banks would have limited impact as the country’s banking sector was fully secure through ELA.
Key Quotes
“Greek Government Official: “ECB move to have limited impact; country's banking sector fully secure through ELA (adds that its access to the facility increased by €10B”.”
“Reiterated view that Greece fully committed to finding a mutually beneficial solution.”
“The Greek 10-year yield initially popped higher by over 100bps to retest above the 10% level in the session but found some comfort after a Greek official noted that the country's banking sector was fully secure [..]”
Key Quotes
“Greek Government Official: “ECB move to have limited impact; country's banking sector fully secure through ELA (adds that its access to the facility increased by €10B”.”
“Reiterated view that Greece fully committed to finding a mutually beneficial solution.”
“The Greek 10-year yield initially popped higher by over 100bps to retest above the 10% level in the session but found some comfort after a Greek official noted that the country's banking sector was fully secure [..]”