ECONOMY

ECB’s Coeure says expects changes to Greek aid program

Greece’s financial aid program is set to be changed to accommodate its new government, a senior European Central Bank official said on Monday, noting that the bank stood ready to support the country.

“There is a clear willingness and good faith on all sides to step up the efforts and deliver within this framework … taken in the Eurogroup,” ECB executive board member Benoit Coeure said at a news conference in Montenegro, referring to an agreement with euro zone member states in February.

“The three institutions, including the ECB, are committed to support this as much as we can.”

“It is understood that the program will be amended to reflect the new priorities of the Greek government … to make sure than any change of the program reaches an equivalent outcome in terms of … fiscal stability,” he said. “That’s what will be discussed in the next days.” [Reuters]