Quote from: ummina on August 23, 2015, 07:21:54 AM

Since March, as a way to pump money into the eurozone economy, the central bank has been buying bonds issued by eurozone countries, along with other debt, at a rate of 60 billion euros, or $67 billion, a month.

Greek government bonds are ineligible as long as the country is not adhering to conditions set by its main creditors: the other eurozone countries and the International Monetary Fund.

If Greece got back into a creditor-approved aid program, the European Central Bank could begin buying its bonds in large quantities.

That would be a boon for Greek banks, which could unload their large holdings of Greek government bonds. They could then use the cash to extend loans and help restart the Greek economy. The government might also benefit from lower market interest rates.

Mario Draghi, the president of the European Central Bank, hinted at such benefits for Greece at a news conference last month in Frankfurt.

If there were a strong agreement, he said, everything else would then follow.

And Im pretty sure it would follow easily, he added.

full article you can watch on here guys http://www.nytimes.com/live/greek-debt-crisis-live-updates/how-the-european-central-bank-could-really-help-greece/

Why should Greece listen to someone that is non-greek, I guess they were cheated, by giving up the money creation right, they actually sold the whole nation to money printers

Just read this article, that's the reality behind all that: Printing money and buy assets, a typical central bank robbery scheme
http://www.marketwatch.com/story/germans-begin-the-looting-of-greece-2015-08-21

"Per provisions of the agreement imposed on Greece, the Athens government awarded the German company that runs the Frankfurt Airport, Fraport, a concession to operate 14 regional airports, mostly on the islands like Mykonos and Santorini favored by tourists, for up to 50 years in the first privatization of government-owned assets demanded by the creditors. "

"Fraport, which ironically is majority-owned by state and local governments in Germany, has cherry-picked among Greeces network of regional airports to take over only those that make a profit. It is happy to leave the 30 other loss-making airports in the hands of a bankrupt state.

Greek Infrastructure Minister Christos Spirtzis told German television that this deal to take away the profitable airports and leave the ailing government with only those requiring subsidies is more fitting for a colony than for an EU member state.

"But the plundering that has now begun unmasks the whole euro charade for what it really is a war of conquest by money rather than by arms."

"The war is over; let the occupation begin."