Draghi wants to keep Greece in the euro zone – The Economist

The president of the European Central Bank stressed “the common will and strong determination” to find a solution but emphasized achieve “strong agreement”.
 

FRANKFURT President of the European Central Bank (ECB), Mario Draghi, said Wednesday that the institution wants to keep Greece in the eurozone , but this requires a “strong agreement” between Athens and its creditors.

“The governing council of the ECB wants to keep Greece in the euro zone” is necessary, Draghi stressed that “the common will and said strong determination “to find a solution.

But it takes” a solid agreement “, ie,” to produce growth, including social justice and be sustainable from a budgetary point of view and ensure financial stability “Greece, he said.

These are what count for the ECB and the other two institutions that deal with Athens, the International Monetary Fund (IMF) and the European Commission, he said.

The Greek prime minister, Alexis Tsipras, is scheduled to present on Wednesday evening in Brussels the President of the European Commission, Jean-Claude Juncker, the proposals of the Greek government, but creditors are preparing their own proposals, which will, according to Berlin, “the basis for negotiations”.

Draghi said he did not travel to Brussels on Wednesday.

The French president, Francois Hollande, said European and international institutions are “a few days”, including “a few hours” of a “possible agreement with Greece”.

“We are a few days (…) within hours of a possible agreement,” Hollande said, adding that “Greece would be asking too much to prevent it from growing back,” but to do so “would have consequences for the whole euro area.”

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