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: Nowotny Give Greece more time: ECB's Nowotny |