Saturday August 30, 2014 Search
Weather | Athens
31o C
24o 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)  
Disappearing inflation heightens Draghi concerns
Ministry launches work experience program for unemployed graduates
Tax burden in Greece among EU’s heaviest, study reveals
Coalition bent on protecting weaker groups
Traveling on public transport in Athens gets cheaper
Commuters will pay 20 cents less for tickets allowing them to use all modes of public transportation in Athens as of Monday, though they will be valid for 70 minutes rather than 90 as was th...
Push made for cuts in education as merger scheme fails
Finance Ministry officials are pressing the Education Ministry to cut costs after it emerged that a program for merging university and technical college departments failed to save 68 million...
Inside News
SOCCER
Tough draw for Greek sides in Europe League Greek stage
Following Thursday night’s high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
JUDO
Greek judoka Iliadis triples up as Aguiar stuns Tcheumeo
Greek star Ilias Iliadis claimed his third world title in the under-90kg category in Chelyabinsk on Friday as Brazilian Mayra Aguiar and Colombian Yuri Alvear won gold in the women’s under-7...
Inside Sports
COMMENTARY
Keeping an eye on international developments
The Ukrainian crisis may herald the start of a second Cold War, while there is no shortage of analysts comparing the current international climate to that of 1914 in the runup to World War I...
EDITORIAL
A few good men
It gives us a great deal of hope that we have a new batch of mayors and regional authorities, as well as university rectors who represent the voice of reason and prudence and are unafraid to...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Traveling on public transport in Athens gets cheaper
2. Push made for cuts in education as merger scheme fails
3. Gov’t aims to curb measures, secure loans, allow tax relief
4. DIMAR chief Kouvelis hints about presidency
5. French expert says Crete crocodile in good health, aged 4-7
6. Tensions mar regional ity swearing-in ceremony
more news
Today
This Week
1. Keeping an eye on international developments
2. A few good men
3. Disappearing inflation heightens Draghi concerns
4. Two men drown off Crete coast in strong tides
5. Tensions mar regional authority swearing-in ceremony
6. Push made for cuts in education as merger scheme fails
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. Purification rituals
3. The battle against progress
4. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
5. Athens finalizes Paris talks goals
6. Strong undersea quake occurs off island of Milos, felt in Athens
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.