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Varoufakis Counts On ECB to Avoid Greek Default Next Month
Greek Finance Minister Yanis Varoufakis said he’s counting on the European Central Bank to help the country avert default when it runs out of money next month, while bank deposits are also starting to flow back. The ECB owes Greece almost 2 billion euros ($2.3 billion) from the return of profits from its program buying euro-region bonds to support the market, Varoufakis said in an interview with Bloomberg Television in Athens. The government must make a payment to the International Monetary Fund in March. “So it could hand over this money to the IMF as partial repayment,” he said on Wednesday. “I’m giving ... (full story)
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