ECB decision could be critical in Greek debt crisis

Already cut to junk status by Standard & Poor's, Greek debt is teetering on the brink of further downgrades – which could jeopardise its use as collateral with the European Central Bank (ECB). If the bonds become ineligible as collateral, it would deprive the country's banks of up to €17 billion in funding, according to one estimate.

On April 8 the ECB agreed to accept debt rated at least Baa3/BBB– by at least one ratings agency as collateral beyond the end of the year, making permanent a 2008

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here