Mark Gilbert , Columnist

Greece Should Be Added to ECB's Bond-Buying List

Greece needs to regain access to the capital markets. Mario Draghi can help.

March 3, 2017 at 10:44 AM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

A flag of more than just convenience.
Photographer: Milos Bicanski

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Greece and its creditors look poised to strike a deal that will allow the nation to draw down aid and avoid defaulting on its debts in July. That sounds good, but it is, in fact, just a fudge. What's needed instead is for the country to regain access to capital markets in its own right. To help make that happen, the European Central Bank should add Greek bonds to the list of securities eligible for purchase under its quantitative easing program.

QuickTake Greece's Financial Odyssey