Draghi: Greece should stay in euro

  • Wed May 16th 2012

The head of the European Central Bank says its "strong preference" is for Greece to stay in the euro.

Mario Draghi made the remarks in a speech at a conference Wednesday in Frankfurt.

Draghi said that the matter is not for the ECB to decide, since the EU basic treaty does not provide for a country leaving the euro.

Some European officials have raised the possibility that Greece's inability to make payments on its debts and comply with the terms of its bailout loans could result in a euro exit. Several members of the bank's 23-member governing council have also mentioned the possibility.

AP

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