Greece to keep issuing bills until aid comes: Die Welt

Greece has EUR 5 bln in bonds being redeemed on Friday. They plan to sell bills on Wednesday to try and fund the gap until the Troika releases the next EUR 31.5 bln tranche. The easier collateral rules for Greek banks rumored in the German press would likely allow Greek banks to keep buying the paper, keeping the Greek government on life support.

So much for the ECB not providing financing to member states…