- We will participate in helping Greece, are keeping credit lines open for Greek banks
- Will maintain credit lines to Greek government
- Financial sector aims to prolong Greek bond holdings
- Will not purchase entirety of KFW bonds issued for Greece
Elsewhere Munic Re says
- Ready to keep existing exposure to Greece
- Ready to participate in Greek rescue package
German Finance Minister says Germany’s financial sector commits to holding Greek bonds, saying sector’s contribution could lead to Greece not tapping all of aid.
All this not helping euro any, EUR/USD having just posted new session low at 1.3106.
