Athens looks to Draghi for positive signals on debt relief

PoliticsGreek Politics Tags: Debt, Tsipras
Photo by ECB via Flickr https://flic.kr/p/qhZVDy
Photo by ECB via Flickr https://flic.kr/p/qhZVDy

It was mentioned almost as an afterthought. Mario Draghi, the European Central Bank President, reframed the ongoing debate on Greek debt relief, noting the ECB would draw its own conclusions on sustainability, wait for relief to be implemented, and then decide whether to include Greece in its quantitative easing programme.

The timing of Draghi’s remarks could not have been more critical, with rising domestic and international pressure on the government to speed up reforms and deliver growth and the Greek coalition searching desperately for a breakthrough on the debt issue.

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