Quantitative easing

Eurozone governments have not yet provided enough clarity on the type of debt relief they may offer Greece to reassure the European Central Bank that the crisis-hit country's debt is sustainable, ECB board member Benoit Coeure said on Wednesday.

Benoit Coeure, member of the Executive Board of the European Central Bank, expressed the opinion on Wednesday morning in Frankfurt, that the decisions of the last Eurogroup did not sufficiently alleviate the concerns of the European Central Bank (ECB) on the viability of the Greek debt to include Greece in the quantitative easing program (QE).

Greece’s short-term objective is to return to bond markets and this will be possible even without the inclusion of its bonds in the European Central Bank’s asset-buying programme, Finance Minister Euclid Tsakalotos said on Thursday.

Greece's short-term objective is to return to bond markets and this will be possible even without the inclusion of its bonds in the European Central Bank's quantitative easing program, the country's finance minister said on Thursday.

The President of the European Central Bank (ECB), Mario Draghi ruled out any prospect of Greece being included in the quantitative easing (QE) programme for the time being.

The president of the European Central Bank, Mario Draghi, said on Monday that Greece will not join its quantitative easing program (QE) until international creditors specify what sort of debt relief measures the country can expect.

The return of investor confidence in Greece will require time and the acceleration of the government's reform program, foreign fund managers told Greek officials during two investment conferences that took place in the last couple of weeks in New York and London with the participation of Greek listed firms.

Even though Prime Minister Alexis Tsipras hailed last week's Eurogroup deal as step in the right direction, Greece still has many rivers to cross as the agreement secured in Luxembourg fell far short of the goals set by the government.

As the outcome of last week's meeting of eurozone finance ministers in Luxembourg showed, the Greek government had raised the bar too high on debt and the ECB's quantitative easing program (QE), and ended up falling short.

German Finance Minister Wolfgang Schauble expressed the estimation that a deal would be reached on the Greek matter at the next EuroGroup meeting scheduled for Thursday, June 15. Addressing a conference on the prospects of the G20 nations in Berlin, Mr. Schauble said “We will make it on Thursday. You will see.”.