“The developments for Greece a more positive than what they were a while ago” argued the Governor of the Bank of Greece Yannis Stournaras when he met with the President of the Hellenic Republic Prokopis Pavlopoulos on Tuesday.
President Pavlopoulos stated earlier that support is necessary from the European Central Bank and commented that it does not have the necessary tools to effectively tackle the debt and banking crises.
Speaking of the ECB’s chief Mario Draghi, the President argued that “he is a man who has proven that he defends the Eurozone and the euro”. The President also stressed that Greece must be aligned with countries that will help “the ECB rise to the occasion”, with the necessary means, even if this requires a change in charter.
To this, the head of the Bank of Greece responded that “we would like for the members of the ECB board, governments through fiscal policy, but also through reforms – all those that are able, of course – and have what we call the ‘fiscal margin’ to contribute as well”.