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Greece cannot rely on ECB to dodge funding crunch

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Nicosia - Greece cannot rely on the European Central Bank (ECB) to raise a limit on Athens' issuance of short-term debt, ECB President Mario Draghi suggested on Thursday.

He also said the rules meant the ECB could not buy Greek bonds under its new asset-buying programme.

Asked about the short-term debt limit at a news conference following the ECB's meeting in Cyprus, Draghi said that the bank was prohibited by European rules from direct or indirect financing of governments.

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