03-09-15

ECB not yet ready to start buying Greek bonds

Draghi: More time needed to see whether Greece qualifies for bond purchases under the ECB's asset buying program

Draghi: No bond purchases while review is ongoing

ECB President Mario Draghi said on Thursday that more time was needed to see whether Greece would qualify for bond purchases under the central bank's asset buying program, Reuters reported. “The bond purchases cannot take place while a review is ongoing,” Draghi said at a press conference after an ECB Governing Council meeting. The cep believes that market pressure is needed for Greece to really follow through with its promised reform program.