Greece is a European problem and will be solved by Europe, says ECB’s Nowotny

Greece’s economic problems is a European problem and will be resolved by European states, European Central Bank (ECB) Governing Council member Ewald Nowotny said in an interview on Friday, adding he does not see a reason why the International Monetary Fund (IMF) should be involved in the Greek program.

“I don’t understand why, on the EU level, one insists on the IMF being on board. This would just be an additional complication which doesn’t contribute anything to […] the solution of the problem,” Nowotny was quoted as telling Austrian newspaper Der Standard.

“There is neither an economic, nor a political reason for this. Greece is a European problem and Europe will solve it,” he added while he expressed concern that politicians are consciously causing a crisis scenario whose solution is uncertain, as “we don’t know about the role of the IMF under the influence of Trump’s United States.”