ECB trims Greek bond holdings by €172 mln

The European Central Bank reduced its Greek bond holdings by €172 million in June and July, to €37.979 billion, €1.82 billion from its spring 2022 high of €39.8 billion.

The ECB had purchased these bonds as part of its Pandemic Emergency Purchase Program (PEPP) despite the fact that Greek debt was, and still is not, investment grade.