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Yo_Mama

(8,303 posts)

7. There's very little bank exposure to default, save for the ECB!!

Reply to magical thyme (Reply #2)

Sun Jul 5, 2015, 05:25 PM

Jul 2015

Most remaining Greek government debt owned by outsiders is in the hands of governments or the ECB or the IMF.

Less than 20% is in private hands, and to tell the truth most of that wasn't acquired at face value and won't take that much of a writedown.

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No plans for immediate Eurogroup meeting after Greek vote-EU official [View all] magical thyme Jul 2015 OP

They're not the ones that desperately need cash. n/t PoliticAverse Jul 2015 #1

true. they do, however, desperately need to prevent the contagion from spreading. magical thyme Jul 2015 #2

There's very little bank exposure to default, save for the ECB!! Yo_Mama Jul 2015 #7

ECB is supposedly going to keep ElA (emergency liquidity funding) open for now. Yo_Mama Jul 2015 #6

"Leftish".... Spitfire of ATJ Jul 2015 #3

*eek* CountAllVotes Jul 2015 #4

Yes, and they're playing "Final Countdown" n/t Bossy Monkey Jul 2015 #5

EC President, Donald Tusk, has just announced a special meeting . . . another_liberal Jul 2015 #8

Called by France and Germany. nt bemildred Jul 2015 #9

Greek banks desperate for emergency loans after voters reject bailout bemildred Jul 2015 #10

This is why the "no" vote was going to mean Grexit. geek tragedy Jul 2015 #11

Sure somebody will. Igel Jul 2015 #12

Greece as a nation declared they won't let anyone use debt to dictate behavior to them. geek tragedy Jul 2015 #14

Yep, it's not a pretty picture. nt bemildred Jul 2015 #13

Unbelievable DallasNE Jul 2015 #15

plan B Ironing Man Jul 2015 #16

hubris. they never expected to lose, never mind this badly. nt magical thyme Jul 2015 #17

How did the ECB lose? brooklynite Jul 2015 #18