The ECB is confident Greece will not default on T-bill payments due later this week, a source tells the WSJ. The country is scheduled to sell €3.125B in bills tomorrow, with the funds used to pay €5B in bills maturing on Friday. The paper is mostly held by Greek banks and pledged to the ECB as collateral for loans to the Greek central bank. Nice circle there.
The ECB is confident Greece will not default on T-bill payments due later this week, a source...
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