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Athens Times

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The Irish mess (V)

The Irish mess (V)
Back in July, Rebel Economist noted how the Greek bailout actions had compromised the ECB: The first concession made by the ECB was in the collateral requirements for its lending to eurosystem banks. These were set in terms of agency credit ratings, no doubt to distance the ECB from the task of differentiating between the creditworthiness […]
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