Praet says ECB simply applied its rules for end to Greek waiver

The European Central Bank is transparent and simply applied its rules when it ended its exemption from credit requirements for Greek bonds, the ECB's chief economist said in an interview in French daily Les Echos on Thursday. "The conditions of access to liquidity from the European Central Bank are clear," Peter Praet said when asked about Wednesday's decision. "If the conditions are not met anymore, the ECB must draw the consequences." The ECB abruptly canceled its acceptance of Greek bonds in