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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: