Wednesday March 4, 2015 Search
Weather | Athens
20o 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)  
Bulgaria seeks to revive plans for Nabucco pipeline
Thomas Nakas Publishing to lease store at Smart Park
Bourse benchmark and turnover head south
Germany says third Greek aid package not on Eurogroup agenda
Tsipras and Samaras meet for first time since elections
Prime Minister Alexis Tsipras and his predecessor Antonis Samaras met for the first time on Wednesday since SYRIZA’s large win over New Democracy in the January 25 general election. Both men...
PPC hits back at criticism over workers’ pay hikes
The former head of the union of Public Power Corporation workers (GENOP), Nikos Fotopoulos, on Wednesday lashed out at criticism following a decision by PPC and GENOP on a new collective lab...
Inside News
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
Inside Sports
FOCUS
Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
Strapped for cash and under pressure to deliver on reforms, Greece's new radical government has ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating tabl...
COMMENTARY
Up the creek without a paddle
One of the issues that dominated the country’s pre-election debate was whether SYRIZA, which eventually won the vote, had worked out a plan B. It was clear from the start that its much-hyped...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bulgaria seeks to revive plans for Nabucco pipeline
2. Thomas Nakas Publishing to lease store at Smart Park
3. Tsipras and Samaras meet for first time since elections
4. PPC hits back at criticism over workers’ pay hikes
5. Probe launched following delays in arresting pedophile
6. Suspects in Conspiracy breakout case released
more news
Today
This Week
1. Up the creek without a paddle
2. Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
3. Panousis says no official decision on undocumented migrants
4. More Germans booking holidays in Greece, tourism chief says
5. For Greece, a lesson from Ireland, Kenny says
6. ECB glimpse of Cyprus debt shows limits of bank cleanup
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.