Wednesday September 17, 2014 Search
Weather | Athens
27o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece won't exit the euro, ECB vice president says

European Central Bank Vice President Vitor Constancio said on Tuesday he does not expect Greece would exit the euro and urged Athens to work with Europe to remove the risk of its crisis spreading to other countries.

ĒI donít think the worst is going to happen in Europe. I donít anticipate Greece will exit ... but it doesnít mean Greece will not face a difficult situation,Ē Constancio said in a panel discussion at a conference held by the Institute of Regulation and Risk, North Asia, in Hong Kong.

Twice bailed-out Greece is headed for crucial elections on June 17 that could determine if it continues to get funding from its currency partners and remains in the euro zone.

Constancioís comments came a day after he said in Tokyo it was too early to consider unwinding unconventional monetary policies, but it was necessary to monitor the risks posed to price stability and investment flows.

ECB policymaker Joerg Asmussen said on Monday a European growth pact and deeper political integration in the euro zone could bolster the currency union, but there must be no softening of the blocís fiscal pact on budget discipline.

The ECB has helped fight the debt crisis by cutting interest rates to a record low of 1 percent, flooding financial markets with more than 1 trillion euros in three-year loans and buying struggling euro zone countriesí bonds in the secondary market. [Reuters]

ekathimerini.com , Tuesday May 22, 2012 (16:42)  
Tsipras to meet with Pope Francis on Thursday
A SYRIZA victory would spark a bank run, PM reportedly warns
Davutoglu calls for a two-state solution in Cyprus
Pensions audit draws money, finds major fraud
Sports events extend season of tourism
The organization of sporting activities at popular Greek destinations has helped to extend the tourism season and brought additional revenues to sector professionals. Among the big events in...
Govít to ask for subsidy return
The government will seek the return of 387.4 million euros in illegal state subsidies given to Greek farmers in 2009, according to a document that Finance Minister Gikas Hardouvelis forwarde...
Inside Business
SOCCER
Mitroglou rediscovers scoring touch after Fulham let-down
Costas Mitroglou banished the memories of his disappointing spell in England after breaking a 10-month goal drought as Olympiakos Piraeus secured a thrilling 3-2 Champions League win over At...
SOCCER
Mitroglou seals Olympiakosīs 3-2 triumph over Atletico
Costas Mitroglou returned to scoring after 10 long months to seal a famous victory for Olympiakos in the Champions League as the Greek champion defeated visiting Atletico Madrid 3-2 on Tuesd...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Tsipras to meet with Pope Francis on Thursday
2. Mitroglou rediscovers scoring touch after Fulham let-down
3. A SYRIZA victory would spark a bank run, PM reportedly warns
4. Davutoglu calls for a two-state solution in Cyprus
5. Mitroglou seals Olympiakosīs 3-2 triumph over Atletico
6. Sports events extend season of tourism
more news
Today
This Week
1. Loud patriotism
2. In need of a second wind
3. Davutoglu calls for a two-state solution in Cyprus
4. A SYRIZA victory would spark a bank run, PM reportedly warns
5. Tsipras to meet with Pope Francis on Thursday
6. Greece at bottom of social justice scale among EU28
Today
This Week
1. Greece on standby
2. A Greek God
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. Greece at bottom of social justice scale among EU28
6. EU bank tests may miss trillion dollar risk, study finds
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.