The Public Expenditure Minister says the ECB's move to make it more expensive for Greek banks to borrow money is "of concern".
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The European Central Bank last night moved to end the use of Greek Government Bonds as collateral for loans to commercial lenders.
Athens says the move will not impact on their plans to reverse austerity cuts, and seek a change of their bailout conditions.
Minister Brendan Howlin says the ECB's decision is concerning, but it won't have an impact on Ireland.