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The European Central Bank on Tuesday said it has temporarily suspended the eligibility of Greek government debt for use as collateral in its lending operations
The move comes a day after ratings firm Standard & Poor's declared Greece to be in selective default after inserting collective action clauses into existing bonds
Banks must post eligible collateral in return for central bank funds via the ECB's lending operations
The ECB said national central banks would be able to satisfy liquidity needs through the Eurosystem's emergency liquidity assistance program
The ECB said Greek bonds will regain eligibility once a collateral enhancement program approved by European leaders becomes operational
The program is expected to be put in place by mid-March 2012, the ECB said
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Bankinter baja precio objetivo a Sabadell un 46%
Banco Sabadell amplía capital con un descuento del 46% respecto al cierre de ayer y los analistas de Bankinter han aplicado ese mismo descuento a su precio objetivo hasta situarlo en 1,79 euros por acción “hasta la elaboración de estimaciones más precisas y en tanto no estén disponibles las cifras consolidadas con la CAM”. La recomendación es de vender.
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