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    16.07.2015 13:55 European Central Bank President Mario Draghi: liquidity provision to Greece was never meant to be unlimited and unconditional

    The European Central Bank (ECB) President Mario Draghi said at a press conference on Thursday:

    • The central bank will continue its bond-buying programme until September 2016 or until 2% inflation target will be reached;
    • Quantitative easing continues "to proceed smoothly";
    • Lower oil prices should support disposable incomes in Europe;
    • The slowdown in emerging markets weighs on recovery in the Eurozone;
    • Demand for loans from companies rose;
    • Governments should implement structural reforms;
    • The central bank continues to act on the assumption Greece is and will continue to remain in the Eurozone;
    • Liquidity provision to Greece was never meant to be unlimited and unconditional;
    • The Eurosystem of central banks' total exposure to Greece is €130 billion;
    • Greece will repay ECB loans by July 20.
       

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