Greece Should Focus on Reforms, ECB President Draghi Says

“Greece should focus on reforms,” European Central Bank (ECB) President Mario Draghi said here on Monday in a meeting of the European Parliament Committee on Economic and Monetary Affairs on the eurozone monetary policy, responding to a question by Independent Greeks (ANEL) MEP Epaminondas Marias.

The ECB president said that Greece should focus on reforms and increase its competitiveness. He said that investments made in Greece have started bearing fruit, which became obvious in the third quarter of the current year. He also said that Greece has made considerable progress, is on the right track and meets its future goals.

The ECB president said, as regards the restructuring of the Greek debt, that it is neither necessary nor useful.