Weber signals ECB could relax debt rules

ecb-office-frankfurt

The European Central Bank (ECB) looks set to accept Greek debt for the foreseeable future even if the sovereign suffers further downgrades after the head of the Bundesbank said Tuesday government bonds with lower ratings could still be used as collateral.

"It's not necessarily the only solution to have a level of rating at which we cut off the access to the central bank," Axel Weber, the president of the Bundesbank and a member of the ECB's Governing Council, was quoted by Bloomberg, a news agen

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