Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Greek Liquidity Shortages 'Extremely Unlikely,' Moody's Says

Print comment Post Comments
HMMM, NOT SURE THE TRACK RECORD LENDS COMFORT HERE
"Greek banks won’t face liquidity shortages unless the European Central Bank takes the “unusual” step of tightening collateral rules, Moody’s Investors Service said after cutting its rating on the country’s government debt," according to Bloomberg.  “Greece is extremely unlikely to face short-term liquidity/refinancing problems unless the ECB decides to take the unusual step of making the sovereign debt of a member state ineligible as collateral for bank repurchase operations,” said Arnaud Mares, Senior Vice President at Moody’s in London. That’s “a risk that we consider very remote.”
SOURCE:   Bloomberg

TICKERS