.@edwardnh really, is it that bad? or just tightening another notch, but still with some breathing room?
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@miotei to the degree individual banks have more collateral including non sovereign, it's no different but this effectively reduces ELA
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@edwardnh So much for “anything it takes." -
@TimDuy@edwardnh are you sure?#Grexit odds haven't moved at all after the announcement: https://www.betfair.com/exchange/plus/#/politics/market/1.117087478 …
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@edwardnh: The ECB has effectively made the one move that will force Grexit.” And you called that "DEMOCRACY" ? -
@edwardnh@euro1slave 10% forces absolutely nothing. Too little impact for the time being -
@edwardnh@timmyconspiracy what are u basing this on? -
@edwardnh I still do not think Greek exit is inevitable. Still some game left. Tomorrow's meeting still important. IMHO -
@edwardnh they need to squeeze before negotiations begin. A tactic (sqeeze) the EU has used more than once with Greece
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