ECB.jpg Home Page News Page ECB Limiting the Impact of the Greek Mess The main story today is not that the ECB will no longer (as of February 11) accept Greek government bonds as collateral and that Greek banks can have access to the national central bank via the Emergency Lending Assistance. That news broke late in North America yesterday. The euro fell around a cent on the news. The real development today is that the impact remains largely confined to Greece. As this became clear, and that the ECB would lift the ELA borrowing cap by 10 bln euros, the single currency recovered in the European morning. The main story today is not that the ECB will no longer (as of February 11) accept Greek government bonds as collateral and that Greek banks can have access to the national central bank via the Emergency Lending Assistance. That news broke late in North America yesterday. The euro fell around a cent on the news. The real development today is that the impact remains largely confined to Greece. See Also links url: http://www.economywatch.com/features/Can-Anyone-Spare-Greece-about-10-Billion-Euros.02-04-15.html Title: Can Anyone Spare Greece about 10 Billion Euros? See Also type: Reference read more
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