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Thursday, July 9, 2015

Draghi said to doubt Greek solution as Tsipras reforms awaited

By John O'Donnell and George Georgiopoulos FRANKFURT/ATHENS (Reuters) - European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday. Italian daily Il Sole 24 Ore quoted the ECB chief, under growing fire in Germany for keeping Greek banks afloat, as saying he was not sure a solution would be found for Greece and he did not believe Russia would come to Athens' rescue. Asked if a deal to save Greece could be wrapped up, Draghi told the paper as he was boarding a plane in Brussels on Wednesday: "I don't know, this time it's really difficult." The ECB is keeping shuttered Greek banks afloat with emergency liquidity capped until the weekend as leaders of the 19-nation euro zone race to find a last-minute third bailout for Athens.


READ THE ORIGINAL POST AT uk.news.yahoo.com