News Summary: ECB official praises Greek reforms

News Summary: ECB's Asmussen praises Greek reform effort, deflects talk of need for more aid

Associated Press

GREECING WHEELS: A senior European Central Bank official deflected growing speculation that Greece will require a new financial aid deal.

LONG ROW: Joerg Asmussen, one of the ECB's six executive board members, said it won't be clear for months whether Athens would even qualify for more assistance.

LIGHT IN THE TUNNEL: The easing of Greece's recession in the April-June quarter provided "the first signs of stabilization" and there has been progress in public finances, Asmussen said after a meeting in Athens with Greek Finance Minister Yannis Stournaras.

View Comments (0)