Germany: "Strong agreement" needed to ensure Greece stays in Eurozone - Draghi

The Governing Council of the European Central Bank (ECB) wants Greece to stay in the Eurozone, the President of the ECB Mario Draghi said in Frankfurt Wednesday, adding that a strong agreement is needed to ensure it happens. Negotiations between the Greek government and its creditors were underway at the time of writing. Speaking at a press conference, Draghi said, that the negotiations have not yet reached a point to allow Greece issue short-term debt obligations ('T-bills') for securing ECB loans. As a requirement there must be "a credible perspective for a successful conclusion of the current review," which would imply a disbursement by EU member countries, Draghi said. Apart from the topic of Greece, Draghi announced that the ECB will keep its key interest rate unchanged at 0.05 percent.