Greek finance minister calls for ECB debt payments to be pushed back

May 14, 2015 8:13 AM

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Greek finance minister calls for ECB debt payments to be pushed back

ATHENS Greece's debt is not viable and the country's debt repayments to the European Central Bank should be pushed back, the Greek finance minister said on Thursday.

"Over July-August the finance ministry will have to borrow 6.7 billion euros from our partners in one way or the other to repay bonds from the SMP program," Yanis Varoufakis told a conference in Athens, referring to bonds bought by the ECB under the Securities Market Programme over 2010-2011.

Also read: Portugal must watch its spending: ECB, Commission

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