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28 May 2015
No interim financing for Greece outside ECB legal frame work – ECB’s Nowotny
FXStreet (Mumbai) - European Central Bank (ECB) Governing Council member and head of Austria's central bank Ewald Nowotny said in an interview for CNBC television on Thursday that he doesn't see loosening of funding outside ECB legal frame work for debt-ridden Greece as an imminent possibility, echoing cautious approach regarding a deal between Greece and its creditors.
Key Quotes:
"There is always a lot of noise in such a situation and I think the important point is to distinguish the noise from the facts,"
"For us, it is quite clear that we have certain conditions to be met. The one condition is ... whether we can accept for instance Greek assets, Greek bonds, as collateral. The answer is, for the time being: no."
"One has to be quite clear. We do not have a possibility to do some, let's say, financing outside our rules."
"I know there had been some ideas floating around that we might give some kind of interim financing just like that. I don't see any legal possibility for that."
Key Quotes:
"There is always a lot of noise in such a situation and I think the important point is to distinguish the noise from the facts,"
"For us, it is quite clear that we have certain conditions to be met. The one condition is ... whether we can accept for instance Greek assets, Greek bonds, as collateral. The answer is, for the time being: no."
"One has to be quite clear. We do not have a possibility to do some, let's say, financing outside our rules."
"I know there had been some ideas floating around that we might give some kind of interim financing just like that. I don't see any legal possibility for that."