(Bloomberg) -- Greece’s participation in the European Central Bank’s asset-purchase program, or whatever replaces it, may be “feasible soon,” Bank of Greece Governor Yannis Stournaras said in an interview with Kathimerini newspaper.
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All the ratings firms have Greece below investment grade, which normally rules out participation in the ECB’s quantitative-easing program. Stournaras told Kathimerini that it’s not easy to estimate how long it will take Greece to regain an investment-grade rating.
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Stournaras also said there is room for a compromise on Greece reducing its primary surplus targets that may lead to the acceleration of economic reforms.
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