Draghi on Greece
- Central bank liquidity to Greece amounts to around €118bn
- Current support is around 66% of Greece GDP
- Liquidity will be provided as long as Greek banks are solvent
- Liquidity cannot be used for monetary financing
- ECB reconsideration of T-bill ceiling only on conclusion of current review
- We need a strong and comprehensive agreement with Greece soon
- Ball lies squarely in the camp of the Greeks
There's been some chat about whether the ECB could pull the ELA but he's confirmed they will carry on. The comment on the use of liquidity is a warning to Greece too
We're on to the Q&A
M.Draghi - No title needed
