The European Central Bank has now agreed to distribute the profits on its Greek government debt holdings. But Mario Draghi has been adamant that no similar deal will be offered to Lisbon, or indeed Dublin.
Earlier this month, Mr Draghi said any ECB offer on Greek debt was “unique” and that the central bank did not want to repeat the experience.
But will Portuguese or Irish taxpayers buy the ECB president’s line?
On the evidence of a press conference in Brussels today with an understandably careworn Olli Rehn, EU Commissioner for Economic and Monetary Affairs, it appears not. Read more