ECB Shuts Off Funding To Greece Via Debt Collateral

The European Central Bank (ECB) has toughened its stance on Greece by banning access to its direct liquidity lines, forcing many investors back into safe-haven German bonds. ECB’s decision Wednesday marks an escalation in the standoff between Greek politicians and other officials in the euro area, which are still on-going at the moment. ECB strikes Greek bonds off its list The ECB said in a statement late Wednesday that it was no longer able to assume there would be a successful conclusion to the Greek government’s bailout talks with its leaders. The ECB decided to strike Greek bonds off its…