Greek banks low on refinancing collateral, Noyer tells Le Figaro

April 19, 2015 9:43 PM

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PARIS, April 19 (Reuters) - Greek banks may soon run out of collateral to access European Central Bank refinancing unless Athens reaches an agreement with the European Union and International Monetary Fund on economic reforms, France's central bank chief said.

The remarks by Banque de France Governor Christian Noyer, to be published by Le Figaro on Monday, came as Athens struggled to scrape together cash to meet a May repayment deadline on almost 1 billion euros ($1.08 billion) due to the IMF.

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