“Some additional eligibility criteria will apply to countries undergoing adjustment programs”.

This was Mario Draghi’s announcement, which means that Greek T-bills will be available for choosing if there is an adjustment program with the additional criteria, met.

As he clarified, while answering a relevant question, Greek bonds will be purchasable after July and if Greek bonds already in the ECB’s possession have been paid. These pre-existing bonds were purchased in 2010-2012 and will be reaching their maturity cut-off at that moment.

According to Draghi’s announcements, the bonds risk to markets will be spread between the ECB (20%) and each country’s National Bank (80%).

The bonds purchase decision was unanimous, according to the ECB president, and the program’s immediate activation was voted with an overwhelming majority.