With the benefit of hindsight, how close were we to a “Grexit”? Is this scenario now off the table for good? You know, I have been asked this question so many times, in press conferences, in the Eurogroup and in the European Council.
My answer has invariably been that the ECB has  2  BIS central bankers’ speeches  always acted on the assumption that the current members of the European Monetary Union will stay members, Greece being one of them. It is not for the ECB to decide which country can be a member of the euro area.