Mario Draghi, the president of the European Central Bank, spoke this afternoon at the European Parliament.
He said the improved outlook is not unrelated to redemptions of active in the markets it launched two weeks ago by the ECB . According to him, it was not until the end of 2015 to see the path of inflation reversed.
“The pace of purchases done so far is expected to achieve a total of sixty billion euro throughout the month of March. At this time, we see no sign on the fact that there will not be enough to buy bonds “he reassured.
A Portuguese member has heckled, denouncing the attitude of the ECB , which requires Athens it accepts the conditions of its creditors before resuming its support to Greek banks to more flexible conditions.
“Do we sing Greece? Well, it is a bit exaggerated when you see the exhibition that was with Greece. ECB lent 104 billion euros to Greece. This equates to 65% of GDP Greek. This is the highest level of exposure in Europe. What kind of blackmail is it? You be the judge “has he responded.
The emergency assistance program of the ECB is the only oxygen tap Greek banks, faced with massive withdrawals since January. Last week, in one day, between 300 and 400 million euros have been removed. Bankruptcy risk is not excluded.
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