Greece must keep reforming to stay in euro: ECB's Coeure

Greece will have to continue to carry out economic reforms in order to remain in the eurozone, European Central Bank Executive Board member Benoit Coeure said on Friday. 

PHOTO: AFP

SEP 18, 20157:52 PM

[PARIS] Greece will have to continue to carry out economic reforms in order to remain in the eurozone, European Central Bank Executive Board member Benoit Coeure said on Friday.

Greeks are due to vote in a general election on Sunday, and the winner will need to oversee deep economic reforms required for an 86 billion euro (US$98 billion) bailout brokered in August, a recapitalisation of the country's banks, and the unwinding of capital controls imposed to prevent an implosion of the financial system.

"Greece must continue to reform in such a way as to be able to stay in the eurozone," Mr Coeure told a conference in Paris.

REUTERS