Draghi: “Last year was a financial setback for Greece”

The President of the European Central Bank Mario Draghi estimated that 2015 was a “financial setback” for Greece, while…

The President of the European Central Bank Mario Draghi estimated that 2015 was a “financial setback” for Greece, while underlining that a lot of reforms have been implemented in recent months.

In an interview for German newspaper Bild, the ECB chief explained that “Greece has implemented a lot of reforms in recent months [but] it is clear that the last year was a financial setback for Greece. Now we all know that there can be no growth without reforms. What the country and the citizens need most is development. Greece has implemented many reforms in recent months and is committed to a reform path”.

Later on the ECB head argued that Greece’s problems are not attributed to the euro and further elaborated that reforms should have been carried out.

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