Euro-area central banks may be prepared to take losses on the Greek bonds they hold that aren’t part of the European Central Bank’s asset-purchase program, the Financial Times Deutschland reported, citing unidentified “euro sources.”
The newspaper reported that a number of euro-area governments are in favor of involving the ECB’s bond holdings in a deal to reduce Greece’s debt load. While central bankers haven’t yet reached agreement on such a move, there is a growing consensus that bonds acquired for investment portfolios could be used, the FTD reported.
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