The ECB will also be swapping its Greek paper for new debt, according to Die Welt. The bank...

|By:, SA News Editor

The ECB will also be swapping its Greek paper for new debt, according to Die Welt. The bank expects to profit on the transaction and will distribute the gains to EU governments. Risk markets are popping anew, S&P 500 +0.9%. Euro buying $1.3115 against $1.2975 2 hours ago. (see also)