Hot Economic News Releases

The European Central Bank will redistribute to the central banks of the euro area the benefits of its Greek bonds held as part of the bond buyback program launched in May 2010, said a source senior within the euro area.

The Institute of Frankfurt bought about 38 billion euros of Greek debt under the program says SMP (Securities Market Programme) and these securities are now worth about 50 billion euros. Forego these profits would reduce Greece's debt.