ECB says that continuation of Greek bank collateral waivers are dependent on Troika agreement

FXStreet (London) - In a statement issued by the European Central Bank this morning it said that the current exceptions for Greek bank collateral are subject to the negotiation of a new credit facility by its Eurozone-led creditors.

“The continuation of the waiver is based on the technical extension of the European Financial Stability Facility programme until the end of February 2015 and the existence of an International Monetary Fund programme.

“It is also based on the assumption of a successful conclusion of the current review and an agreement on a follow-up arrangement between the Greek authorities and the European Commission, in liaison with the ECB, and the IMF”