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Monday, October 29, 2012

Nowotny Says ECB Is Banned From Forgiving Greek Debt


AFP

Nowotny Says ECB Is Banned From Forgiving Greek Debt
Bloomberg
By Boris Groendahl - 2012-10-29T10:16:22Z. The European Central Bank is banned from taking part in a Greek debt restructuring because it would be tantamount to printing money to finance governments, Governing Council member Ewald Nowotny said.
ECB couldn't participate in Greek haircut: NowotnyCNBC.com
Give Greece more time: ECB's NowotnyMSN Philippines News

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