ECB will overhaul plan for collateral, Trichet says

04/9/2010 | Wall Street Journal, The · Reuters

Jean-Claude Trichet, president of the European Central Bank, said the bank will make changes to its collateral plan that will allow countries to use instruments rated investment grade at its refinancing window. The move is seen as a way to help Greece by including its sovereign debt in the central bank's core operations. Trichet said the ECB will undergo an "overall review" of collateral requirements this summer.

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Wall Street Journal, The · Reuters

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