ECB's Benoit Coeure talking Greece

  • Firmly convinced that at the end of the programme Greece will be better able to reap the benefits of economic and monetary union and be stronger

  • It is essential that the Greek authorities continue to show a serious commitment to the goals and measures taken in the context of the program

  • Reduction of NPL's are a key preconditions for gradually restoring an adequate and efficient supply of credit to the economy

  • We are looking forward to a solution that can reassure markets and restore confidence and allow full involvement of the IMF

And the IMF is where all his hopes and dreams could go up in smoke. They are still far from convinced about the progress Greece has and will make.