At a news conference, ECB President Mario Draghi said the conditions had been restored for more Emergency Liquidity Assistance (ELA) after a bailout plan was agreed between Athens and the euro zone.
"Things have changed now. We had a series of news with the approval of the bridge financing package, with the votes, various votes in various parliaments, which have now restored the conditions for a raise in ELA," he said.
The Greek debt crisis has shown up the fragility of the euro zone and the need for stronger integration within the currency bloc, European Central Bank President Mario Draghi added.
"This union is imperfect, and being imperfect is fragile, vulnerable and doesn't deliver all the benefits that it could if it were to be completed. The future now should see decisive steps on further integration," he told a news conference.
Draghi was responding to questions about whether Germany raising the issue of Greece taking a time-out from the euro zone had weakened the bloc. "Discussion doesn't necessarily weaken," he said.
Since taking the helm at the height of the eurozone debt crisis in 2011, Draghi had repeatedly said that he considered the euro "irreversible", meaning that he believed that no country would be ever allowed to leave or fall out the currency union.
- Greece: Gateway for Indian agricultural products to the EU
- Greece sends humanitarian aid to the Gaza Strip with C-130 aicraft
- Santorini, Island of Energy and Timeless Beauty
- Greek banks: Through Lagarde's words are officially in the top European tier
- BoG Gov. Stournara hosts official dinner for Lagarde in the presence of Mitsotakis
- Ανατολική Αττική: Η επόμενη μέρα της τραγωδίας - Tης Άννας Σαρηγιάννη
- The "Olive You" Campaign at the Fancy Food Show in New York
- Ελεύθερος με εγγύηση και υπό περιοριστικούς όρους ο Κ. Μπαρμπαρούσης
- Ο Semyon Bychkov στη Νέα Υόρκη
- Παμμακεδονική Αμερικής: "Σεβαστείτε την Ιστορία και τον πολιτισμό της Μακεδονίας"