Jean-Claude Trichet, president of the European Central Bank, might be forced to alter more rules to prevent Greece from doing further damage to the euro. Trichet's turnaround on collateral rules might end up being the beginning of other concessions. "Rather you break the rule book than the euro area," said Jacques Cailloux, chief European economist at Royal Bank of Scotland. "We're far from being out of the woods. There is now a real opportunity for the ECB to take the lead."
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