ECB said to urge Greek banks to cut Greek government debt holdings if talks break down

ECB said to urge banks in Greece to dump Greek government debt if talks fail

That's a cold move from Draghi & Co. and really pushing the limit of the ECB mandate. It certainly won't earn any friends in Athens.

From BBG:

The ECB's supervisory arm plans to pressure Greece's banks to cut the amount of government debt that they hold if political talks starting Friday break down, three people familiar with the discussions say.