international creditors: Investor risk appetite had earlier warmed on hopes that Athens would gain relief from its international creditors, but then took a hit after the ECB abruptly pulled back its soft treatment, saying that as of February 11 it would no longer allow Greek banks to use government debt as collateral for loans, according to Deutsche Welle. Tough times ahead Shares listed on Asia stock exchanges and the euro took a tumble Thursday morning in response to the European Central Bank announcement it would adopt a hard line on Greece debt. The Greek stock market plunged by more than 9 percent in early trading. Once implemented, that move will deprive the eurozone nation lenders of a key source of much-needed fresh cash to get the economy back on its feet again.
(news.financializer.com). As
reported in the news.
Tagged under Investor risk, government debt topics.