Nov. 5 (Bloomberg) -- The European Central Bank refused to disclose internal documents showing how Greece used derivatives to hide its government debt because of the âacuteâ risk of roiling markets, President Jean-Claude Trichet said. The ECB turned down a request and an appeal by Bloomberg News to release two briefing documents officials drafted for the central bankâs six-member Executive Board in Frankfurt this year. The notes outline how Greece used the swaps to hide its borrowings, according to a March 3 note attached to the papers and obtained by Bloomberg News. âThe information contained in the two documents would undermine the public confidence as regards the effective conduct of economic policy,â Trichet wrote in an Oct. 21 letter in which he rejected the appeal. Disclosure âbears, in the current very vulnerable market environment, the substantial and acute risk of adding to volatility and instability.â http://noir.bloomberg.com/apps/news?pid=20601087&sid=arZbmux4C4yg&pos=3 Tick, tick, tick....
what is the maturity date (month/day/yr.) of the next round of Greece's govt. bond? Because their CDS is now at 908 basis pt. as of yesterday. This is a very high no. I don't know what's the cause of this new fear?