Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
On 1, yes they should. There is nothing to prevent the ECB from repo-ing them at a steep discount with respect to the market valuation which already are about 50% of par value.

So, if you have a Greek bond and supposedly you can sell it at a 50% discount in the secondary market, why could you not repo it at a 60% discount?

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Sun Apr 17th, 2011 at 02:50:47 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Dublin is to Blame

by Frank Schnittger - May 18
16 comments

Zero Net Energy - May 14, 2018

by gmoke - May 15
3 comments

NATO Total War Project

by Cat - Apr 14
8 comments

40 Questions

by Cat - May 1
15 comments

Occasional Series