Uncategorized ECB’s Nowotny says Greece more political than economic question

ECB’s Nowotny says Greece more political than economic question

Austrian National Bank Governor Nowotny listens during a news conference in Vienna
Austrian National Bank Governor Nowotny listens during a news conference in Vienna

Any solution to Greece’s financial woes is more of a political than an economic question, European Central Bank policymaker Ewald Nowotny said on Monday, as euro zone finance ministers meet to continue Greek debt talks.

Top officials have voiced little optimism about a breakthrough at the meeting. Nowotny declined to suggest a way out of the impasse, reiterating that the ECB’s role was to ensure price and financial stability.

He cited Monday’s talks by euro zone finance minister, adding: “It would be premature to give any details,” he told a panel discussion on Spain and Austria.

 

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