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Europe can’t count on ECB alone in Greek crisis

The ECB cannot handle the Greek crisis on its own says French Economy Minister Emmanuel Macron

Greece and international creditors must find a compromise in the country’s debt crisis and not count only on support from the European Central Bank, French Economy Minister Emmanuel Macron said.

Speaking as Greeks voted in a referendum over whether to accept more austerity, Macron said Greece and its creditors had to find a compromise based on reforms while also making its debt burden more sustainable.

“Whatever the vote, we must starting tomorrow respond with political discussions to create a framework,” Macron said at an economics conference in Aix-en-Provence in southern France.

“It’s not about taking refuge behind the ECB and others that have already done more than enough,” he added.

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