Sunday, January 4, 2015

The ECB can not exclude Greece from its policy, says the … – The Tribune.fr

The ECB can not exclude Greece from its policy, says the … – The Tribune.fr

The European Central Bank (ECB) can not exclude Greece from a quantitative easing program, if it decides to adopt one to revive the economy of the euro zone, said Alexis Tsipras, head of file from the Greek anti-austerity leftist party Syriza.

Speaking at the congress of his party Saturday to three weeks early parliamentary elections of January 25, Alexis Tsipras promised that in case of victory, Syriza would ensure that much of the Greek debt is cleared through a renegotiation of its international aid plan.

The legislative
will take place three days after a meeting ECB, January 22, at which the European Central Bank may decide to initiate a program of quantitative easing to inject billions of euros into the economy of the euro area through purchase bonds.

Alexis Tsipras said he hoped the president of the ECB, Mario Draghi, decides in favor of such a program and said that Greece could not be kept away as suggested by some economists and politicians in countries like Germany. “All of quantitative easing from the ECB, with direct purchase of bonds, must embrace Greece,” he said.

Syriza, which is slightly ahead of the vote before the conservative New Democracy (ND) of Prime Minister Antonis Samaras has moderated in recent months his speech, pledging to keep Greece in the euro area and not to unilaterally reject the international aid plan.

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