BRUSSELS (AFP) ― Debt-laden Greece should get more time and more aid if necessary to put its financial house in order and remain in the eurozone, a member of the European Central Bank said in an interview published on Saturday.
“It is preferable that Greece remains in the eurozone,” Jorg Asmussen, a German ECB board member, told the Belgian economic daily l’Echo.
“If that means additional aid for one or two years more, that will be significantly less expensive than it leaving (the eurozone) or a default,” he was quoted as saying.
The comments come ahead of a meeting on Monday in Brussels of the eurozone finance ministers, who are due to discuss releasing the latest aid tranche of 31.5 billion euros to Greece, which has been held back since June.
The ministers are not expected to decide to release the aid at their meeting on Monday.
The eurozone is waiting for the latest report on Greece’s finances from its ‘troika’ of creditors ― the European Union, the ECB and the International Monetary Fund.
“We are in the process of completing the analysis of the Greek adjustment program,” Asmussen said.
Greece has asked for an extra two years to bring its debt under control and stabilize public finances.
In an interview with the Sunday edition of the Die Welt daily, German President Joachim Gauck said that many Germans think that providing aid to Greece “is costing too much and that we, the Germans, are going to ruin ourselves as a result.”
“No, we will absolutely not ruin ourselves. Not as long as we keep the Greeks inside the euro,” he said.
