Former Greek Prime Minister Lucas Papademos: Greece needs a debt relief

Market news

24 June 2015

Former Greek Prime Minister Lucas Papademos: Greece needs a debt relief

Former Greek Prime Minister Lucas Papademos said on Wednesday that Eurozone's finance ministers will speak about further debt relief for Greece. He added that Greece needs a debt relief.

Bundesbank Executive Board member Joachim Nagel dismissed the argument that hat Greece needs a debt relief later.

"Taking the current numbers, it is possible without a second debt relief to come down to more sustainable debt ratios," Nagel pointed out.

European Central Bank (ECB) Governing Council Member Klaas Knot: quantitative easing by the ECB is reaching its limits

U.S.: Crude Oil Inventories, June -4.934 (forecast -1.8)

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