Stournaras: “The FSF’s €11.5bn can go towards the precautionary credit line”

The Governor of the Bank of Greece Yannis Stournaras told Ta Nea that a large portion of the 11.5 billion euros in the Financial…

The Governor of the Bank of Greece Yannis Stournaras told Ta Nea that a large portion of the 11.5 billion euros in the Financial Stability Fund could be allocated to the much-discussed precautionary credit line.

According to Mr. Stournaras, these funds could then help Greece finally exit the bailout with a “safety net”. Should the funds not be used in this way though, he opined that the funds may be used to reduce the public debt.

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