Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But the ECB itself only has €13bn of sovereign bonds from the Securities Market Programme, right? The rest is in the National Central Banks' books.

So the ECB itself wouldn't realise a €50bn loss from a Greek default...

Economics is politics by other means

by Carrie (migeru at eurotrib dot com) on Thu Jun 16th, 2011 at 08:40:57 AM EST
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