The solution reached by Eurogroup finance ministers to put Greece on a path towards debt sustainability is not an ideal solution but the best of all alternatives, European Central Bank Governing Council member Ewald Nowotny said Wednesday. In an interview with Austrian radio station OE1, Nowotny said the debt relief offered Greece will give it a "chance" to return to debt sustainability by 2020 as planned. A debt haircut for Greece, he said, has been taken "off the table." "I think in such a difficult situation as we see here, there are no ideal solutions, but it is probably a solution that is better than all ... (full story)