Greek central bank

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  Greece Progresses on Rescue

  By Marlene Y. Satter, AdvisorOne  |  August 6, 2012

  The ECB’s Governing Council has decided to raise the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans.

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  ECB Cuts Off Funding to Four Greek Banks

  By Marlene Y. Satter, AdvisorOne  |  May 17, 2012

  So many Greeks have withdrawn savings from banks since Monday that on Wednesday the ECB cut off funding to four Greek banks that it did not consider solvent.

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  German Concern over ECB Funding Grows

  By Marlene Y. Satter, AdvisorOne  |  March 13, 2012

  Germany is getting worried–more worried than usual–about the level of debt in the eurozone. The European Central Bank’s Target2 system indicates that money owed to the Bundesbank now totals 489 billion euros ($656 billion