• issuing extra t-bills is “not simple”

An email statement in response from questions raised by oppostion leader Tsipras and reported by Bbg

Update:

  • issuing additional T-bills to cover Greek debt maturing in March is not a straightforward routine process as it would require agreement with Troika
  • Greece can issue EUR 15bbln in T-bills but reached that limit in Dec
  • Greek banks won’t have collateral to buy T-bills if Greece not in bailout programme
  • govt will need to request bailout extension

Rock and hard place spring to mind which Eamonn has already reported here

EURUSD near session highs at 1.1867