“Until sufficient details are given on debt-related measures, serious concerns remain about the sustainability of Greek government debt,” noted ECB head Mario Draghi.
In a letter responding to a question by Mr. Nikolaos Choudis on whether a debt sustainability analysis has been made by the ECB and what the conclusions were, Mr. Draghi said that “the ECB staff is not currently in a position to complete a fully-fledged DSA analysis of Greece’s public debt.”
Mr. Draghi expressed his belief that other factors will be taken into account in making such a decision and that Greece’s prospects for recovery of the Greek economy must be improved.
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