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Nowotny Says Easing of Bailout Terms Imaginable With Conditions
By Zoe Schneeweiss - Mar 9, 2011 9:00 AM GMT+0100
European Central Bank Governing Council member Ewald Nowotny said that he can imagine terms for Ireland and Greece to be loosenend, should conditions be fulfilled, according to an interview with Austrian state radio ORF.
“One has to discuss this in the bigger picture,” Nowotny told ORF. “That means, if you have the feeling that these countries are really making an effort, that structural changes are happening, that these problems won’t resurface again in two years, then it can make sense to adjust individual screws. Should this not be the case I don’t see any reason for changes.”
Should the conditions be fulfilled it is worth considering how to adjust to program to make it as “sure as possible that it will be successful,” he told the radio station.
(Bloomberg)
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Sempre sulle dichiarazioni di oggi dell'austriaco Nowotny.
By Zoe Schneeweiss - Mar 9, 2011 9:00 AM GMT+0100
European Central Bank Governing Council member Ewald Nowotny said that he can imagine terms for Ireland and Greece to be loosenend, should conditions be fulfilled, according to an interview with Austrian state radio ORF.
“One has to discuss this in the bigger picture,” Nowotny told ORF. “That means, if you have the feeling that these countries are really making an effort, that structural changes are happening, that these problems won’t resurface again in two years, then it can make sense to adjust individual screws. Should this not be the case I don’t see any reason for changes.”
Should the conditions be fulfilled it is worth considering how to adjust to program to make it as “sure as possible that it will be successful,” he told the radio station.
(Bloomberg)
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Sempre sulle dichiarazioni di oggi dell'austriaco Nowotny.
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