European central banks urge ditching Greek assets, as default fears mount – media

European central banks urge ditching Greek assets, as default fears mount – media

Some European central banks have reportedly called on Greek bank subsidiaries operating in their jurisdiction to cut their exposure to Greek assets to avoid fallout should the country go into default.

The central banks of Albania, Bulgaria, Cyprus, Romania, Serbia, Turkey and the Former Yugoslav Republic of Macedonia have demanded Greek banks’ subsidiaries minimize their exposure to Greek bonds, loans, treasury bills, and deposits, should the talks between Athens and its international creditors fail, reports the Greek newspaper Kathimerini.

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