By IBTimes Staff Reporter: Subscribe to IBTimes's RSS feed
February 16, 2012 3:20 PM EST
The European Central Bank has taken action to protect its €50 billion ($65.5 billion) Greek bond portfolio by swapping the existing bonds for new ones issued by Greece, The Wall Street Journal reported Thursday.
The action is designed to protect the ECB and the 17 central banks that make up the coalition investing in the notes, The Journal reported.
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