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- European Central Bank Vice President Vitor Constancio: a default of the Greek government and the solvency of Greek banks are not connected automatically
European Central Bank Vice President Vitor Constancio: a default of the Greek government and the solvency of Greek banks are not connected automatically
European Central Bank (ECB) Vice President Vitor Constancio pointed out on Thursday that a default of the Greek government and the solvency of Greek banks are not connected automatically. He noted that Greece will not leave the Eurozone if it does not repay its loans.
Constancio noted that there improvements in financial stability in the Eurozone.
"The financial stability situation in Europe has improved. One can say that our policies are working," the ECB vice president said.
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