ECB Governor Draghi (photo from wikipedia) declares that just real reforms can bring Greece back to a sustainable rrowth path.

Implementing structural reforms as demanded by Greece's lenders would bring the country's economy back to growth path, European Central Bank Governor Mario Draghi said in an interview with Sunday's edition of Kathimerini newspaper.

Greece's lenders would bring the country's economy back to growth path, European Central Bank Governor Mario Draghi said in an interview with Sunday's edition of "Kathimerini" newspaper.

"The Greek government will have to show that it has assumed ownership of the program and that it is determined to fulfill its requirements," he said.

The key element over the coming months would be the discussion about Greek debt sustainability, Draghi observed.

Further, Draghi said the quantitative easing programme is working better than expected. "We are satisfied with QE, as it has met and even surpassed our initial expectations."

At a press conference at the annual meetings of the International Monetary Fund, Draghi reiterated Friday that the bank is prepared to extend the QE programme if the current operation is insufficient to bring inflation to the target.

Draghi also noted downside risks to inflation largely due to easing growth in emerging economies.

source: RTT News