Can Greece be forced out of the euro? The role of the ECB in restricting funding avenues to Greece – will Target2 be next?

The European Central Bank (ECB) has come under harsh criticism for its support (or lack thereof) of Greece since the election of Syriza. The blog article charts the progressive tightening of funding conditions for Greece against the background of the ECB rules, and reflects on options in case an agreement is not reached to address Greece’s immediate funding needs in June 2015.

• Primary Source

ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Meeting: Eurogroup meeting, 18 June 2015 http://www.europeansources.info/record/meeting-eurogroup-meeting-luxembourg-18-june-2015/

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