Top ECB official expresses support for precautionary program for Greece with 'strict, effective conditions'

A precautionary credit line under "strict and effective conditions" for Greece in the coming post-bailout period would maintain the waiver for Greek bonds, prevent volatility in deposits, step up the process to eliminate still-imposed capital controls and even allow the possibility for the country's inclusion in the quantitative easing (QE) assets-purchasing program, a top European Central Bank (ECB) official told "N".
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