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Tag Archives: Asmussen

ECB’s Asmussen rejects Greece’s call to roll over Greek bonds

The European Central Bank cannot roll over Greek bonds as this goes against a ban on financing governments, a senior ECB policymaker said on Monday, dashing Athens’ hopes it will help plug a funding gap next year through such a move. Athens will be financed by bailout loans until the …

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ECB:No Alternative to Bailout Programme, if Greece Wants to Remain in EZ

Alexis Tsipras governance priority to rip out the “barbaric” austerity programme prompted a reaction by the European Central Bank on Tuesday. Joerg Asmussen, ECB Executive Board member, raised for the first time the possibility of a Greek exit from the euro zone. “Greece needs to be aware that there is …

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