NYT: ECB demands that value of collateral that Greek banks post be cut

• ECB demands that value of collateral that Greek banks post at their central bank to secure emergency loans be cut by as much as 50 percent
• If Greek government and Europe remain at an impasse on an agreement about austerity measures, these so-called haircuts could increase further

New York Times article - Headlines via Reuters

Full article is here: European Central Bank Squeezes Greek Banks, Tightening Access to Loans

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EUR/USD lower (some across the board USD strength also):