ECB’s Asmussen emphasises need for Greek reforms

asmussen

European Central Bank (ECB) executive board member Jörg Asmussen said on March 27 that for the rescue programme in Greece to be effective, the country must implement the agreed-upon reforms.

Speaking to the Committee on Economic and Monetary Affairs of the European Parliament, Asmussen said debt sustainability prospects had improved and the debt-to-GDP ratio could be brought to 116.5% by 2020.

Acknowledging the ECB's programme for Greece carried "high implementation risks", Asmussen said this

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