One day after Standard & Poor’s upped the country’s credit rating upgrade six notches, Greek economy received another major boost on Wednesday from the European Central Bank, as it said state bonds will be accepted again as collateral for the supply of liquidity via the Eurosystem.
“Upped the country’s credit rating” … sheesh. Only ’cause the completion of the bond buyback program meant Greece was no longer technically in default. Anyway, good luck to them, they need some good news.