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Greece among 8 countries exempted from US sanctions against Iran

Greece is among the countries to be exempted from the US sanctions against oil imports from Iran. Besides Greece, also China, India, Italy, Turkey, South Korea, Taiwan, Japan get US sanctions waivers for Iran oil imports. The exemption is limited to six months. The Trump administration’s tough new sanctions on …

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Greek banks to lose cheap borrowing after ECB revokes waiver

The European Central Bank announced on Friday it will restrict Greek banks’ access to its cheapest funding operations as from August 21, when the country exits the bailout program. The ECB will revoke a so-called ‘waiver’ which allowed Greek banks to post junk-rated government bonds as collateral in regular funding …

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ECB reinstates waiver affecting eligibility of Greek bonds as collateral

Greece can borrow cheap again from the European Central Bank. The ECB reinstates waiver of minimum credit rating requirements affecting the eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations. – Good! ECB Press release 22 June 2016 ECB’s Governing Council reinstates waiver of minimum credit rating …

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