Spokesman for the Austrian central bank said: “we will do that as well , we are talking about minimal amounts. It will have little impact on overall collateral”
the ECB on March 23 said members are no longer obliged to accept bank bonds guaranteed by governments whose credit assessments do not comply with the benchmark for mimimum requirements of high credit standards
This leaves Greece , Portugal and Ireland unable to use such bonds to get funding from subsidiaries in Germany and Austria.
