Dep. BοG governor Mourmouras: Greece’s inclusion in the ECB’s QE programme could be a catalyst for the return to international capital markets

European Central Bank purchases of Greek government bonds under its quantitative easing programme could open the way for the country to regain bond market access next year, the country’s deputy central bank governor said on Thursday.

“Greece’s inclusion in the ECB’s QE programme could be a catalyst for the return to international capital markets some time in the first quarter of 2017,” Yannis Mourmouras, deputy Bank of Greece governor, told the Hellenic American Association of finance professionals in New York.

He said that delays in completing the country’s second bailout review and securing the sustainability of its debt, both prerequisites for inclusion in the ECB’s bond buying programme, would be “costly for the country.”

Source: REUTERS