It is said that Samaras wants a cut on the billions of euro due on the Greek bonds the ECB holds. Draghi: We haven’t discussed this, but – anyway – I’m against it. SZ: Your new bond purchasing programme reminds us of Italy in the 1970s, when the central bank helped the state out in its financing, which only increased the problems.
What kind of easing is it which leads to an increase in interest rates?