MEP challenges Mario Draghi: ECB should help Greece with IMF repayments
Greek MEP Notis Marias challenged Mario Draghi about the dire state of the Greek economy, and the unfolding humanitarian crisis. He wanted the ECB to do more to help Greece, by assisting with its payments to the IMF.
The situation in the Greek is dramatic, Draghi agrees. But the ECB cannot undertake any monetary financing.
He then outlines that Greece has received €223bn of bilateral loans from Europe, plus the ECB’s liquidity support (€118bn so far), plus the IMF loans, plus the debt haircuts in 2012 (a 53.5% cut in the face value of €200m of debt).
I don’t want to overplay the significance of these numbers, but the responsibility does not lie only with the institutions who have provided this help.
At this point, Marias thumps the table and waves a document, which he claims shows Mario Draghi assisted with such financing when he was governor of the Bank of Italy.
Πηγή: en.enikos.gr/
