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BLOOMBERG The Pulse February 5, 2015

Good morning. Welcome to the pulse. We are live from bloombergs European Headquarters. Francine to our top story, the ecb turns the screws on greece. The European Central bank announced that it will restrict loans to the nation. Guy that announcement came just hours after the greek finance minister met with the ecb president , mario draghi. Varoufakis meets with Wolfgang Scheibe today. Joining us now is hans nichols in berlin. This could be the meeting that everybody has been waiting to hear about. We thought draghi was going to be interesting. Scheibe is going to be fascinating. Hans he is going into this meeting and they appear to have consensus from their european partners. That is that greece should potentially stay in the bailout program. And if they leave, they will be consequences. They are not going to be able to use greek debt as collateral with the ecb. That is going to drive up there borrowing cost. They may face a liquidity crunch. What is greeces plan . Even if they get th

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