Tag Archives: S&P German Sovereign Bond Index
Greece And The ECB: What Precedent Will Be Set For The Eurozone?
Greece has voted “no” to a referendum on further austerity measures proposed by the ECB. Greek PM Tsipras wanted this result, in order to gain more bargaining power with creditors. The ECB reacted accordingly, and placed steeper haircuts on collateral for emergency funding. This puts additional pressure on a banking system that is already in…
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