Dáil Éireann Debate, Wednesday - 3 February 2010
191 Deputy Joan Burton asked the Minister for Finance his views on the economic situation in Greece, the pressure applied on it by the European Central Bank to close its fiscal deficit and the ECB warning that it may not continue to accept Greek sovereign bonds as collateral if their fiscal position and debt rating deteriorates further; and if he will make a statement on the matter. [5543/10]
View answerI have noted recent developments in Greece. I fully support the Greek Authorities in their efforts to redress a difficult economic and fiscal situation. I understand that they are being encouraged to implement swiftly the necessary measures to ensure that their targets for budgetary consolidation are achieved, and I am confident that they will succeed in overcoming the fiscal and macroeconomic challenges they face.
As regards Greek sovereign bonds, it would not be appropriate for me to comment on ECB policy.
