EUROPE “We all want Greece to succeed” to end the crisis, said the President of the ECB …
The President of the ECB Mario Draghi assured that the response to the crisis in Greece was “in the hands of the Greek government,” adding “it takes a lot more work and it’s urgent.”
“We all want Greece succeed “out of the crisis, he said in Washington, but said that the eurozone was” better equipped in 2012, 2011, 2010 “if the situation worse.
President of the European Central Bank speaking at the semi-annual meetings of the IMF and the World Bank.
“Restoring dialogue”
They were an opportunity for several high-flying financial executives to turn up the pressure on Athens, demanding reforms and relativizing the economic impact that a deterioration of the situation.
Mario Draghi held the need to “re-establish dialogue,” while international creditors expect Greece a list of reforms before issuing country assistance of 7.2 billion euros which it badly needs.
The head of the ECB asked reforms “encrypted” and demanded that the government of the radical left Syriza is attentive to “fiscal impact” of its proposals.
The euro area will “unknown territory” if the Greek crisis Empire
Refusing to speculate on a default of Greece, stands almost certain to exit the euro, Mario Draghi stressed however that the eurozone s’ was equipped with instruments to the risk of contagion, which “would be used in case of escalation of the crisis.”
But he acknowledged that the eurozone would enter “unknown territory” if the Greek crisis getting worse.
Before him, the United States, Germany and France had complained too little progress in discussions on reforms in Greece.
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