- 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