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How the world sees Greece
Wednesday, October 16, 2013
ECB opposes Greek plan to roll over bonds Report
Greece has come up with a plan to roll over about 4.5 billion euros of bonds issued in 2009 as part of liquidity support to its banks during the global credit crisis. But the ECB opposes the idea as a rollover would bring the Core Tier 1 capital ratio of two of Greece's four top banks below a required 9.0 per cent, meaning a need for additional capital, the paper said citing unnamed sources. ...
