Draghi pledges support but warns Greeks on time constraints – NU.nl

That support said the president of the ECB, Mario Draghi, Greece during a meeting at the European Parliament in Brussels.

At the same time he warned that it is necessary to reach an agreement as soon as possible between Greece and the lenders.

” We have a strong and comprehensive agreement is needed and we need it quickly, ” Draghi said. The lenders must always be prepared to go further, ” but the ball is in the Greek authorities to take the necessary steps, ” he added

. <- block | article link end ->

Talk

The lenders (the euro countries, the ECB and the International Monetary Fund) for months in consultation with Greece on reforms and austerity measures in exchange for financial support.

At the end of the month is the current support program and at the same time must repay Athens hefty loans.

Quantum Leap

Of Greece on the shelf lying money is paid, it is a decision for politicians, not central bankers, Draghi said. The Greek situation shows as Draghi that the euro zone ” an unfinished construction ” is. For its completion a quantum leap is needed, he said.

The ECB has already lent 118 billion euros of Greek banks, Draghi charged for. That is more than twice than what was at the end of 2014 on loan. The 118 billion represents 66 percent of Greek gross domestic product. Nowhere in the EU which loan ratio as high

. <- Block |! Infographic end -> <- block |? Article link start ->

By: Reuters