Meanwhile the screw slowly turns:
Quote:
The European Central Bank (ECB) has toughened its stance with Greece by restricting financing to the country's banks.
In a statement, the central bank said it would no longer accept Greek government bonds as collateral for lending money to commercial banks.
The move makes access to cash more expensive for Greece's banks.
The ECB said the suspension came as it could not assume a "successful" deal on Greece's €240bn (£179bn) bailout.
|
Does anyone in Euro-La-La-Land seriously think the extraordinary resentment created by this episode is ever going to be forgotten? Whatever the outcome of these talks, I think lasting and serious damage has been done to the fabric of Europe.