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Greece

ECB Head Mario Draghi Puts QE on Hold

"Until sufficient details are given on debt-related measures, serious concerns remain about the sustainability of Greek government debt," noted ECB head Mario Draghi. In a letter responding to a question by Mr. Nikolaos Choudis on whether a debt sustainability...

Mario Draghi Responds to SYRIZA European MP's Claims

European Central Bank President Mario Draghi responded to SYRIZA's European Parliament Member; Kostas Chrysogonas via an open letter, Chrysogonas had made claims about the ECB's role in the Greek bailouts and posed questions about the “right to social security and the protection of...

Mario Draghi Lays out Conditions for ECB's Purchase of Greek Bonds

European Central Bank President Mario Draghi discussed the possibility of the ECB purchasing Greek bonds, during a press conference in Frankfurt on Thursday. Draghi clarified that for the ECB to purchase Greek bonds, whose low credit rating does not fulfil the ECB's credit rating requirement,...

Mario Draghi: ECB to Buy 60 Bln Euros in Assets a Month, Greece Included Under Conditions

President of the European Central Bank, Mario Draghi, announced today the purchase of assets amounting to 60 billion euros per month, in order to stimulate growth and address the threat of deflation. He clarified, the purchases of government bonds...

Mario Draghi Says ECB Will Help Greece Under Memorandum Plan

The ECB plans to accept junk bonds from crisis-ridden countries, provided that they were first subjected to an economic monitoring program. The announcement, which came from the head of the European Central Bank, Mario Draghi, has reportedly astonished Greek lawmakers. The statement has...

Draghi: ECB Waiting for Measures That will Make Greek Debt Sustainable Long-Term

The European Central Bank (ECB) is waiting for the measures that will make Greek debt sustainable in the long-term in order to decide on Greece's participation in the quantitative easing program, central banker Mario Draghi said on Monday, testifying...

ECB's Draghi: Debt Sustainability and 2nd Assessment for Greece to Join QE

Speaking today at the economic and monetary affairs committee at the European Parliament in Brussels, ECB president Mario Draghi stated that the sustainability of the Greek debt and the completion of the second assessment are prerequisites for Greece to...

ECB’s Draghi: IMF’s Participation in the Greek Program Is ‘Highly Desirable’

The participation of the International Monetary Fund (IMF) in Greece’s economic program is “highly desirable” as the organization has the expertise to assist in aid programs, European Central Bank President Mario Draghi told SYRIZA MEP Stelios Kouloglou in a...

Pavlopoulos Meets Draghi, Says Greece's Partners Must Also Fulfill Promises on Debt

Upon concluding the review of the Greek program, Greece's partners must also live up to their end of the bargain, both in terms of debt relief and in the way the European Central Bank approached Greek bonds and the...

President Pavlopoulos Heads to Berlin for Meetings with Merkel and Draghi

Greek President Prokopis Pavlopoulos will pay a two-day visit Berlin on Monday following an invitation by the German President Joachim Gauck, during which he will meet with Chancellor Angela Merkel. According to a German government spokesperson, Pavlopoulos and Merkel will...

ECB's Draghi Calls for 'Strong Agreement' With Greece

Following the European Central Bank's Governing Council meeting on Wednesday, Mario Draghi called for a "strong agreement" between Athens and its bailout lenders, saying the central bank wanted Greece to stay in the euro. "A strong agreement is one that...

Greek Gov't VP Dragasakis Discusses Negotiations, Greek Economy with ECB's Draghi

Greek Government Vice-President Yiannis Dragasakis met with the head of the European Central Bank Mario Draghi in Frankfurt on Tuesday evening. According to the ECB, the two sides discussed the current situation of the Greek economy and reviewed the progress in...

Draghi Dismisses Talk of a Greek Default‏

European Central Bank (ECB) President Mario Draghi dismissed fears of a possible Greek default. Asked about a Greek default during a regular news conference in Frankfurt on Wednesday, Draghi said: "I don't even want to contemplate that. And based on the...

Greece Should Resume Policy Dialogue and Agree on Reforms, Draghi Tells MEPs

The European Central Bank’s expanded asset purchase program, better known as “quantitative easing” (QE), is starting to make headway across the EU, ECB President Mario Draghi told Economic and Monetary Committee MEPs on Monday. Draghi also reported on the...

ECB President Draghi Urges Greece to Allow Troika Back Before It's Too Late

European Central Bank (ECB) President Mario Draghi urged the Greek government to allow the institution representatives, formerly known as the "troika" to return to Athens in order to disclose its cash position before it is too late. Mr. Draghi...