Draghi: ECB wants Greece to stay in the euro, but there should be a strong agreement

European Central Bank (ECB) President Mario Draghi on Wednesday said the ECB wants Greece to stay in the eurozone, while calling for a ‘strong agreement’ on Greece.

“The governing council of the ECB wants Greece to stay in the euro, but there should be a strong agreement. One that creates growth, and which is fiscally sustainable and addresses the remaining sources of financial instability.

“This will be the component of a strong agreement,” he said, responding to questions about Monday night’s “mini-summit” on Greece that he attended.

In response to other questions, he said that any agreement on a primary budget surpluses in Greece must also take into account the negative impact on the growth front.

With regard to the Greek government’s demand that the ECB raise the amount Greece can borrow by issuing treasury bills, Draghi said that this will be re-examined when the institutions approve the disbursement of tranches from the Greek programme.

He avoided further comment, noting that the negotiations were currently underway.