France’s Hollande says ECB decision on funding for Greece is legitimate

  • ECB decision puts the onus on national governments to act on Greek crisis and on Athens to present reforms

The ECB news last night has seen Greek bank stocks take a hammering today with the sector showing 25-30% losses. At the moment the Greek stock index is down 5.4% and 10 year bond yields are up 61bp to 10.29%

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