Ewald Nowotny
Economy
ECB's Nowotny: Turn ESM into European Monetary Fund for Greece's Bailout
Veteran European Central Bank policymaker Ewald Nowotny has backed turning the European Stability Mechanism (ESM) into a IMF-styled lender and for it taking over from the ECB in Greece's bailout programme.
"The ESM might turn into a 'European Monetary Fund',...
Economy
IMF No Longer Necessary for Greece's Stabilization, Says ECB Official
The International Monetary Fund (IMF) is no longer necessary for Greece’s stabilization, from an economic point of view, a European Central Bank official said in a newspaper interview published on Tuesday.
“That’s a problem that the Europeans can solve alone,”...