With talks between Greece and its creditors at a stalemate and time rapidly running out for a solution to Athens’ dire debt problem, the head of the European Central Bank (ECB) has called on the country’s government to make the first move.
“While all actors have to go the extra mile, the ball lies firmly with the Greek government,” ECB President Mario Draghi told the European Parliament’s Committee on Economic and Monetary Affairs on Monday.
His words came after talks broke down over the weekend between Greece and its international bailout supervisors—the ECB, International Monetary Fund and Greece’s fellow euro countries—over a rescue-for-reforms deal. European officials blamed Greece for failing to offer concessions in return for a much-needed tranche of aid.
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