According to the euro area to sources, the ECB and the euro area member states of the central bank will this week will be held Greek bonds to be exchanged for new debt swap agreement to pave the way for the bonds of the Greek government and private creditors.
With the Greek elections approaching, the "troika" Greek provisional government austerity program to make a political guarantee to prevent post-election reform plan set aside. The Dutch finance minister, Deya, February 16, said outside confidence in the leaders of Greece has been reduced to low, and therefore may be postponed until the release of the second batch of aid funds in Greece in April after the election of the country, This with the new government to reach agreement on the relevant commitments.
Although Greece is expected to rescued, but the Germans still made full preparations. Last week, the ECB announced that it will accept bank loans as collateral for refinancing operations. Economists said, this is tantamount to reduce the difficulty of the member states out of the euro, but also for the euro zone to get rid of one, or even more Member States to prepare.