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Will Germany Push Greece Over The Edge?

Lorcan Roche Kelly of Bloomberg reports, Greece: Here's What Happens Next:

The ECB made it clear yesterday that the suspension of Greek sovereign debt as eligible collateral was due to it having become impossible to assume a successful conclusion of the current Greek troika program review.

In order to get that certainty back, and allow Greek debt back on to the ECB collateral list, there either has to be a successful conclusion of the current review - the chances of which are approximately zero - or an agreement on a new program for Greece. A program is essentially a set of rules attached to a bailout.

In the press conference following his meeting with German finance minister Wolfgang Schaeuble this morning, Greek finance minister Yanis Varoufakis suggested that Greece should receive a bridging program until the end of May to allow the new Greek government time to finalize details