Who holds all the Greek debt now? ECB…
Ambrose Evans-Pritchard wrote earlier in the week about European banks gleefully selling Greek government debt to the ECB (and repo-ing the rest to them) …Looks like the ECB would be left holding the bag if the Greeks did leave the euro zone…Not sure that’s a good thing for the euro…

AUTOREFRESH 













EURCHF has gone up by 180 pips in the last 30 min. Is this just a normal rally of EUR or another step of intervention by SNB?
so thats ahhh eur -ve right
Willem Buiter has been talking about the ECB’s “qualitative easing” and the state of its balance sheet for a while now.