BUSINESS

Greece will soon qualify for ECB’s QE program, Tsakalotos says

TAGS: Economy

Greek bonds will soon become eligible for the European Central Bank’s so-called quantitative easing (QE) program, Finance Minister Euclid Tsakalotos told Bloomberg in an interview Wednesday, voicing hopes that this will pave the way for an easing of capital controls, and the gradual recovery of investor confidence.

“QE could follow as soon as July’s maturing debt is paid,” Tsakalotos said, referring to a July 20 payment of notes held by the ECB.

“I feel confident Greek debt will be eligible” by September, the Greek minister said.

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