ECB: The European Central Bank will not eliminate major liquidity
providing measures before circumstances allow it to do so, ECB Governing
Council member Georgios Provopoulos said in an interview published
Monday. The head of the Greek National Bank told German business daily
Financial Times Deutschland that Eurozone inflation would approach the
ECB’s definition of price stability in the coming years, meaning
deflation is not a concern. He also argued that Greece would not need
financial help to solve its budget problems.