Sunday, 22 May 2011

European Central Bank threatens to pull the plug on Greek lending

http://www.telegraph.co.uk/finance/economics/gilts/8524454/European-Central-Bank-threatens-to-pull-the-plug-on-Greek-lending.html

The European Central Bank has threatened to stop lending to banks using Greek government bonds as collateral if Athens changes the terms of the debt, a move which could bring down the country's banking system.

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