Greek sovereign exposures by counterparty country

[Martinghoul]

Quote from beingthere:
Martinghoul, Thank you for the link. I understood the ECB has/is making loans to Greece/Greek banks using defaulted bonds as collateral, though it is reconsidering this option now.

Well, the ECB is, in fact, funding Greek banks using GGBs as collateral. However, technically GGBs are money good at the moment. Moreover, the ECB is imposing haircuts, which are relatively punitive.

 

[beingthere]

I had to impression that the ECB had taken the 'more toxic' GGBs as collateral and even that they had bought them and are now the owner? Are there non-standard GGBs which the ECB could now be responsible for liabilites over and above the standard?

 

[ASusilovic]

Quote from Martinghoul:

You can find the numbers here: http://www.bis.org/statistics/consstats.htm

Not sure what you mean by Greek debt as collateral against new loans to Greece. That's not really what's happening, unless I misunderstand your meaning.

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