ECB’s Asmussen urges Greece to focus on reforms
ATHENS, July 2 — Greece should focus on getting its reform programme back on track rather than losing time by trying to renegotiate its international bailout terms, European Central Bank policymaker Joerg Asmussen said in a speech at a conference today.
“The first priority for the new Greek government has to be getting the programme back on track,” said Asmussen, who is a member of the ECB's Executive Board. “Policy implementation has virtually stalled over the last three months,” he said.
Asmussen, who has become an international negotiator for the ECB since joining the bank at the start of the year, had told a Greek newspaper at the weekend that giving Greece more time to meet its fiscal targets would require additional funding by the euro zone and the International Monetary Fund. — Reuters