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Athens Macedonian News Agency: News in English, 16-02-18
CONTENTS
[01] ECB's Draghi: IMF's participation in the Greek program is 'highly
desirable'
[01] ECB's Draghi: IMF's participation in the Greek program is 'highly
desirable'
The participation of the International Monetary Fund (IMF) in Greece's
economic program is "highly desirable" as the organization has the
expertise to assist in aid programs, European Central Bank President
Mario Draghi told SYRIZA MEP Stelios Kouloglou in a letter dated
February 17.
"It is now widely accepted that there are serious concerns about the
sustainability of Greece's public debt," Draghi says in the letter, which
follows a question posed by the MEP. "I had the opportunity to discuss
the issue in my hearing before the ECON Committee on 23 September 2015
and the euro area leaders clearly acknowledged these concerns, notably
in the Euro Summit Statement of 12 July 2015."
The central banker said the Eurozone leaders expressed their willingness
to consider, if necessary, possible additional measures to improve
debt sustainability after a successful first programme review, noting
that the appropriate modalities of such debt measures are for euro area
member-states to decide.
"With respect to the involvement of the International Monetary Fund
(IMF) in the third programme, the ECB cannot speak on behalf of another
institution concerning its possible future participation," Draghi says.
"From an ECB perspective, however, the IMF's participation would be highly
desirable given its considerable expertise in designing and monitoring
financial assistance programmes," he concludes.
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