FRANKFURT (Reuters) - European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no.
Speaking to journalists in Frankfurt, the ECB's vice president underlined the seriousness of the situation facing Greece, talking openly about a possible default, which would be the first of its kind in the 16-year-old currency bloc.
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