Editorial: Draghi’s message
The clarifications given by the representative of the European Central Bank after its council meeting perfectly illustrate the…
The clarifications given by the representative of the European Central Bank after its council meeting perfectly illustrate the climate of uncertainty that is developing from the rumors and scenarios regarding the funding of Greek banks.
It is clear now that there will be no liquidity issues for the banks at the end of February, when the two-month bailout extension expires, since the ECB will continue to accept Greek bonds as collateral.
These clarifications fully undermine that latent scaremongering and ensure stability in the economy during the election campaign period. It is the duty and responsibility of the political parties to maintain the climate of security for the Greek people, while avoiding to fuel doomsday scenarios that prolong the unavoidable – due to the election campaign period – problems in the economy.
It is also the duty of the parties to speak clearly and openly about their plans for the next day, while explaining to the people how they will manage the difficult negotiation with our European creditors. The ECB, just like a series of European leaders, appear to insist that any discussion for the continuation of providing liquidity, with the same terms in place today, requires the implementation of the commitments that we have assumed.
It is therefore critical for the people who will be called upon to select the new government in a few days to be fully aware of the terms and conditions with which we will ask to negotiate with the Europeans.