BUSINESS

ECB says to wait for Greece reforms before making decision on debt

TAGS: Economy

The European Central Bank will wait for Greece to implement its agreed reforms before welcoming the debt-wracked country back into the fold of fully-fledged eurozone borrowers, president Mario Draghi said on Thursday.

“Once the prior actions will be implemented, the (ECB's) governing council will take a decision” which will effectively allow Greek banks to participate again in the regular refinancing operations, Draghi told a news conference.

[AFP]

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