• European Central Bank Governing Council Member Ewald Nowotny: the Greek debt crisis "is much more a political question than an economic question"

Market news

11 May 2015

European Central Bank Governing Council Member Ewald Nowotny: the Greek debt crisis "is much more a political question than an economic question"

European Central Bank Governing Council Member Ewald Nowotny said on Monday that the Greek debt crisis "is much more a political question than an economic question."

Nowotny offered no solution for the problem. He pointed out that the ECB's role was to ensure price and financial stability.

"We cannot substitute the political sphere," Nowotny said.

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