ECB Said to Consider Helping Greece With Holdings
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The European Central Bank is considering new ways to help reduce Greece’s funding gap by using the Greek debt in its investment portfolios, three euro-area officials said.
The national central banks of the euro area hold Greek bonds in their investment portfolios and agreed in February to give any profits back to Greece. The issue has been reopened and the ECB is now looking at options including rolling over the holdings or allowing the Greek government to buy them back, the officials said yesterday on condition of anonymity.