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Greek debt--held by German and French banks--is rolling over to Greek banks with every new issue

Where do you see evidence of this? Do you mean the Greek private banks or the Greek Central Bank?

And the Greek bank is allowed to keep buying because its Greek bonds are cleared as assets through the ECB.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Apr 13th, 2010 at 12:25:18 PM EST
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