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*WELT: ECB SWAPPING EST. EU50 BLN GREEK BONDS AT NOMINAL VALUE
What do they mean by “nominal value”? Are they getting out without haircut to make it easier to default on old bonds that don’t play nice?
At least Draghi doing something. He has power and seems to get it – maybe he helps – but the problem remains far from resolved. And far from clear that Greeks, away from puppet technocrats, even want the deal.
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BN 02/16 16:39 *ECB TO DISTRIBUTE PROFIT FROM SWAP TO GOVERNMENTS, WELT SAYS
BN 02/16 16:38 *WELT: ECB SWAPPING EST. EU50 BLN GREEK BONDS AT NOMINAL VALUE
BN 02/16 16:37 *ECB TO PROFIT FROM BOND SWAP, WELT SAYS
BN 02/16 16:36 *ECB BOND SWAP TO BE COMPLETE BY MONDAY, WELT SAYS
BN 02/16 16:36 *ECB SWAPPING GREEK BONDS FOR NEW GREEK BONDS, WELT SAYS
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ECB Swapping Greek Bonds for New Greek Bonds, Welt Says
2012-02-16 16:37:16.845 GMT
By Jim Silver
Feb. 16 (Bloomberg) — ECB bond swap to be complete by
Monday, Welt says.
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