Relevant:
- EU Seeks Collateral for More Greek Aid; Trichet Reiterates Restructuring "Not on the Agenda", Market Reiterates "Trichet is a Pompous Fool"
- ECB Caves in on "Temporary" Defaults and Collateral; Which Country is Next to "Temporarily" Default?
- Jean Claude Trichet warns of 'very significant market correction'
- Trichet Hikes, Two More Expected
- ECB stops accepting Greek bonds as collateral
2010-03-25 — zerohedge.com
"The ECB is finally realizing that Greece will be a major issue for years if not decades to come. Which is why Jean-Claude Trichet finally put the debate of whether his bank will accept BBB- rated collateral beyond 2010 to rest. The answer is yes. This also takes out Moody's ridiculous A2 Greek rating out of the equation: finally Moody's can vote with its conscience."
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