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ECB flags risks from low interest rates, Greek situation

The headquarters of the European Central Bank (above) in Frankfurt. The ECB says risks from Greece for the eurozone's governments have increased sharply but that their borrowing costs and growth prospects are being helped by measures such as the ECB's bond-buying programme.

The ECB will not automatically cut Greek banks off from its emergency funding in the event of default, says Mr Constancio


THE European Central Bank (ECB) said on Thursday that record-low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the eurozone's recovery.

In its twice-yearly Financial Stability

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