ECONOMY

ECB says to wait for Greece reforms before making decision on debt

ECB says to wait for Greece reforms before making decision on debt

The European Central Bank will wait for Greece to implement its agreed reforms before welcoming the debt-wracked country back into the fold of fully-fledged eurozone borrowers, president Mario Draghi said on Thursday.

“Once the prior actions will be implemented, the (ECB's) governing council will take a decision” which will effectively allow Greek banks to participate again in the regular refinancing operations, Draghi told a news conference.

[AFP]

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