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ECB chief Draghi urges Greece to do more

English.news.cn   2012-10-09 21:47:42            

BRUSSELS, Oct. 9 (Xinhua) -- The European Central Bank (ECB) chief Mario Draghi on Tuesday called upon Greece to do more while acknowledging the "significant" progress the debt-ridden country has made in structural reforms.

"It's quite clear that the progress at the level of undertaking the necessary policy reform has been perceptible and significant and it's also clear that more needs to be done," Draghi told a hearing of the European Parliament committee for economic and monetary affairs in Brussels.

"We see progress, and we see a need for further work," he added.

The remarks were made as inspectors from the troika -- namely the International Monetary Fund (IMF), the ECB and the European Union (EU), were in Greece, looking for ways to reduce the country's mountain of debt. Greece needs more money soon to avoid defaulting on its obligations.

Greek Prime Minister Antonis Samaras last Friday told a German newspaper that his country could not manage beyond November without the long-delayed and urgently-needed next tranche of international aid.

Editor: Lu Hui
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