The fact, however, that Greece still has the lowest credit rating in the euro area, five notches below investment grade, means that, as soon as Greece exits the programme, Greek bonds will no longer be eligible as collateral for access to low-cost refinancing from the ECB.
It is not our communication which is flawed, it is the hype that is being provoked by people with vested interests. If you would look at what we communicate, I think this is quite clear. The situation has changed since December, we will reexamine and reassess and possibly, if needed, also correct. And we are fully determined to fulfill our mandate.