ECB official says bank can’t help Greece on bonds
October 6, 2012 - 14:01 AMT
PanARMENIAN.Net - A senior European Central Bank official is insisting that the bank can't help Greece by agreeing to roll over the government bonds it holds or accept lower interest rates, The Associated Press reports.
Prime Minister Antonis Samaras, who wants more time to enact reforms and budget cuts, has suggested the ECB could help that way.
But ECB executive board member Joerg Asmussen said in comments published Saturday, Oct 6 that the idea is a nonstarter.
Asmussen was quoted as telling German newspaper Bild am Sonntag: "We can neither extend the maturities for Greek bonds nor lower the interest rates. Both would be a form of debt relief, and so direct financing of the Greek state. The ECB is not legally allowed to do that."
The ECB didn't participate in this year's so-called haircut of Greek debt.
938 Russian citizens have registered in Armenia as private entrepreneurs between February 24 and March 22
Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well.
According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed
Mher Grigoryan added that the government will ensure that the borrowed funds are spent efficiently.
Team Telecom Armenia goes public Telecom Armenia OJSC has issued and is allocating stocks through a public offering.
France: Guarantees for Karabakh Armenians discussed at Chișinău summit The importance of defining rights and guarantees for the Armenians of Nagorno-Karabakh (Artsakh) was stressed at a meeting in Chișinău.
Fastex joins Orion Summit 2023 to be held in New York City Fastex joins the Orion Summit 2023, which will take place on June 19-22 at the world’s financial center: New York.
European Council chief says had “good meeting” with Pashinyan, Aliyev Charles Michel “had a very good meeting” with Nikol Pashinyan, Emmanuel Macron, Olaf Scholz and Ilham Aliyev on 1 June.