ECB may tighten collateral requirements to Greek banks - ANZ

FXStreet (Bali) - According to ANZ Research Team, the risks are that the ECB may tighten collateral requirements to Greek banks amid the defiant 'No' vote on Sunday's referendum.

Key Quotes

"It is reported that the Bank of Greece will request an emergency EUR6bn injection from the ECB to allow the banks open as planned on Tuesday."

"It is by no means certain that the ECB will provide this. A number of Governing Council members are vehemently opposed to extending further ELA to Greece. This suggests that the risks are that the ECB may tighten collateral requirements."

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