16 julio 2015
European Central Bank President Mario Draghi: liquidity provision to Greece was never meant to be unlimited and unconditional
The European Central Bank (ECB) President Mario Draghi said at a press conference on Thursday:
- The central bank will continue its bond-buying programme until September 2016 or until 2% inflation target will be reached;
- Quantitative easing continues "to proceed smoothly";
- Lower oil prices should support disposable incomes in Europe;
- The slowdown in emerging markets weighs on recovery in the Eurozone;
- Demand for loans from companies rose;
- Governments should implement structural reforms;
- The central bank continues to act on the assumption Greece is and will continue to remain in the Eurozone;
- Liquidity provision to Greece was never meant to be unlimited and unconditional;
- The Eurosystem of central banks' total exposure to Greece is €130 billion;
- Greece will repay ECB loans by July 20.