In a move that is supposed to stop contagion and inspire confidence, the ECB Comes to Greece’s Aid by Waving Collateral Rules The European Central Bank joined the international rescue of Greece, saying it would indefinitely accept the country’s debt as collateral regardless of its country’s credit rating, underpinning gains in the bond market. The decision came less than a day after Greece agreed to a 110 billion-euro ($145 billion) package of emergency loans from the International Monetary …

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ECB Comes to Greece’s Aid by Waving Collateral Rules; ECB Plays With Fire; Europe’s Web of Debt