“There are concerns regarding the sustainability of the public debt of Greece” – Diário de Notícias – Lisbon

the President of the ECB says that Greece must find a lasting solution that guarantees the sustainability of the debt

The president of the European Central Bank (ECB) said on Monday that there are “serious concerns” about the sustainability of Greek public debt, and has expressed the hope that the country and its creditors to find a long-term solution.

“in The light of the talks between the participants in the adjustment programme the Greek it is clear that there are serious concerns as to the sustainability of the public debt of Greece,” said Draghi in the Commission of Economic Affairs of the European Parliament.

The president of the ECB considered that “it is in the interest of the euro zone and Greece to find a lasting solution that guarantees the sustainability of the debt in the short and long term.”

in This sense, he assured that “the best that could occur now is that if you successfully complete the (second) evaluation on the compliance of the conditions associated with the third financial rescue of the country.

“The Greek people have made great progress in the last few months and it is very important that this not be undone,” said the leader of the ECB, one of the institutions (the European Commission, the European Stability Mechanism and the International Monetary Fund), which oversee the performance of the country.

Draghi said he hoped that at the next meeting of the ministers of Economy and Finance of the euro zone, the December 5, if you reach an agreement on the measures of debt relief in the short-term proposals in the last meeting of the Eurogroup.

“we Hope to (find) a solution to restore confidence in debt sustainability and address the major risks to the program,” he added, quoted by Efe.

In the European Parliament, Draghi also said that in December the ECB will assess the alternatives available to maintain the monetary stimulus and ensured that the institution counts with tools to face the scarcity of securities.

“In our meeting of the monetary policy of December, we will review the various options that may enable the Council of Governors to maintain the level of substantial monetary policy accommodative necessary to bring the inflation goal of 2%,” said Draghi.