Relevant:
- ECB Surreptitiously Prints Money for Greece To Buy Time for Athens
- ECB stops accepting Greek bonds as collateral
- As Greece Battles a Debt Crisis, Its Banks Issue More Short-Term Debt
- Somebody's Going to Suffer: Greece's New Austerity Measures
- As default looms, Greece seeks to push back key July payments to ECB
2015-02-20 — zerohedge.com
``Lost amidst the hub-bub about austerity measures and Debt to GDP ratios for Greece is the real issue that concerns the EU banks and the EU regulators: what happens to the trades that EU banks have made using Greek sovereign bonds as collateral?''
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