Friday April 18, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Euro membership remains ECB's plan A for Greece

Greece’s sustained membership of the European single currency remains the “plan A” of the European Central Bank, Executive Board member Joerg Asmussen said on Monday.

“I’m working on plan A and not considering plan B,” Asmussen said at an Axel Springer AG event in Berlin. “If others are working on plan B, that’s OK, but as Mario Draghi has said, our preference is for Greece to remain in the euro and that’s what we’re working on.”

He conceded that said the situation in Greece and Europe is “difficult,” and stressed that the euro is the “anchor of stability in the crisis” and that Germany still benefits from its membership of the common currency despite the turmoil.

Fellow Executive Board member Jose Manuel Gonzalez-Paramo said policymakers have a “strong preference” for Greece to stay in the euro area. “It is a constitutional matter,” Gonzalez-Paramo told reporters in London on Monday.

“There is no exit foreseen in the treaty.” He declined to comment on remarks made by European Union Trade Commissioner Karel De Gucht that officials from the ECB and the European Commission are working on contingency plans to deal with a possible Greek exit from the euro.

Meanwhile Jean-Claude Trichet, the former president of the ECB, said he cannot imagine Greece leaving the euro and considers such a step the worst option for the 17 nations sharing the currency, according to an interview in Austrian magazine Profil.

“I absolutely can’t imagine that,” Trichet was quoted as saying by the Vienna-based weekly. “And I consider this to be the worst option.”

Trichet also said that there is no scientific evidence that higher inflation creates growth and that therefore the ECB must remain committed to its price stability goal, according to the interview. [Bloomberg]

ekathimerini.com , Monday May 21, 2012 (22:11)  
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Tourist spending up 17.3 pct
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Talks lined up in wake of ‘shameful’ soccer scenes
The government has pledged to meet with soccer officials after Easter to tackle unruliness in the game following wild scenes at the Greek Cup semifinal between PAOK and Olympiakos in Thessal...
Inside News
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national team’s triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Former Red Bourousis wrecks Olympiakos´s hopes for a break
2. PPC to issue corporate bond of 500 mln
3. Greece offers to help find Turkish F-16 lost in 1996
4. Primary surplus continued by end-March
5. Eurobank eyes top Core Tier 1 level in Greece
6. Tourist spending up 17.3 pct
more news
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Seven arrested over Toumba violence
5. National Bank of Greece plans senior unsecured bond sale
6. Greek current account deficit widens in February
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Samaras sees no need for third bailout
3. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
4. Greece's market return mirrors return of tourists
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Parties start announcing candidates for European Parliament elections
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.