Greece pushes ECB to keep buying its bonds
The Greek central bank is planning an appeal for the country’s bonds to remain eligible for new European Central Bank purchases after March when the vast bond-buying scheme launched in response to the pandemic is expected to end. The ECB has bought €35bn of Greek bonds over the past two years, and Greece’s borrowing costs have fallen sharply since the ECB started purchasing its bonds. There are concerns that a potential end to pandemic emergency purchases could risk leaving Greek junk bonds without European support. Eleni Varvitsioti joins The Greek Current to discuss the bond-buying program the ECB set up as a result of the pandemic, how it has impacted Greece, and the concerns in Athens about what comes next.
Eleni Varvitsioti is the Financial Times correspondent for Greece and Cyprus, and is based in Athens.
Read Eleni Varvitsioti’s latest piece in the Financial Times: Greece to make push for ECB to keep buying its bonds
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