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1st LD Writethru: ECB not to creat new rules for Greece, implying no additional aid

Xinhua, March 23, 2015 Adjust font size:

European Central Bank President Mario Draghi said on Monday that the lending institutions would not create rules for Greece, suggesting that all sides follow existing rules and that no additional aid go to address liquidity difficulty in Greece.

At a hearing in the European Parliament, Draghi explained ECB's intention and stance on important economic issues, ranging from Greek problem to bond purchase programme, and called on the Greek government to fully honour its debt obligations to all its creditors.

As to the question on blackmailing, Draghi noted that the ECB has 104 billion euros exposure in Greece, which equals to 65 percent of Greek GDP and means no blackmail for the debt-striken country. Endit