[KarlInOhio]

Based on a reliable source in the recent past, foreign banks have applied to withdraw repo with Greek banks even offer powerful bonus.

Google doesn't have a Bankerese-to-English translation. Does anyone have a good website that can tell me what this means?

[NeoCaveman]

I think it means foreign banks now thing Greece’s debt is “unsafe at any price”

[DuncanWaring]

Wikipedia’s got one.

http://en.wikipedia.org/wiki/Repos

I couldn’t follow it either. It looks to be a scam in which desperate borrowers manage to borrow without it showing up on the books anywhere.

In this case, it appears the “foreign banks” have decided they don’t want to play that game anymore.