Ewald Nowotny

Veteran European Central Bank policymaker Ewald Nowotny has backed turning the European Stability Mechanism (ESM) into a IMF-styled lender and for it taking over from the ECB in Greece's bailout programme. "The ESM might turn into a 'European Monetary Fund',...

The International Monetary Fund (IMF) is no longer necessary for Greece’s stabilization, from an economic point of view, a European Central Bank official said in a newspaper interview published on Tuesday. “That’s a problem that the Europeans can solve alone,”...