Greece aid hopes ease Europe debt anxiety

Investor anxiety over Europe’s sovereign-debt drama eased somewhat Tuesday as a potential crack emerged in the European Central Bank’s opposition to any form of default by Greece. The comments appeared to contrast with the hard line taken by Jean-Claude Trichet, president of the European Central Bank. He reiterated in a weekend interview that any form of default would result in the central bank refusing to accept Greek government bonds as collateral for loans, forcing national governments to come up with a plan to keep Greek banks from collapsing due to a lack of funding.

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