ATHENS (Reuters) – Refunds due from Athens to the European Central Bank should be postponed but an option like “awe” President Mario Draghi. Says Finance Minister greek.
According to Yanis Varoufakis number one ECB can not risk opening on the restructuring of Greek debt a new controversy with Berlin, so far proved so critical even on the program to purchase government bonds. Shortly after the election victory of SYRIZA in late January, the holder of Finance was the first to evoke the possibility of converting the bonds into national bonds indexed to economic growth or perpetual proposal on which Atne but is never more back after the very cold reaction from the partners of the euro area.
It arose in the past to light tones particularly espiliciti and recently moved into the background made in negotiations with international creditors, the minister now back on topic, proposing to postpone the repayments to the ECB by 27 billion euro maturing after 6.7 billion to be repaid in July and August.
“What we should do is take those 27 billion still held at the ECB and from one day to postpone the deadline for the distant future, “said outside parliament.
“How to do it? With a swap. The very idea of an exchange of debt between the Government and the ECB greek fills Mr. Draghi terror … As you know, Draghi is in conflict with the Bundesbank which is making war on the program of ‘quantitative easing’, which is contrary partiolaremente Mr. Weidmann. “
Varoufakis refers outdoor contrast demonstrated so far Bundesbank President against the program underwriting of government bonds by the ECB launched on 9 March.
According to the minister greek, the program ‘q’ ‘for Draghi is very much … allowing a swap of nosti new titles to those that the ECB buys on the market to provide Weidmann new pretexts to counter the’ q ‘”.
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