The European Central Bank (ECB) Vice President Vitor Constancio said on Monday that there was no reason to stop the central bank's asset buying programme as long as inflation was negative and inflation expectations were well away from the central bank's 2% target.

He noted that there is no "generalized asset overvaluations" in the Eurozone.

Constancio also said that he believes that the Greek exit from the Eurozone will be avoided.