BERLIN, Dec 12 (Reuters) - The European Central Bank is confident Greece will take appropriate structural measures to tackle the cause of its fiscal problems, ECB Vice-President Lucas Papademos said on Saturday.
'We expect Greece will take appropriate structural measures to address the root causes of its fiscal imbalances,' Papademos told reporters on the sidelines of a banking conference.
Fitch cut debt-stricken Greece's sovereign rating to BBB+ with a negative outlook last Tuesday, citing a fiscal deterioration.
(Reporting by Sarah Marsh; Editing by Victoria Main)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We expect Greece will take appropriate structural measures to address the root causes of its fiscal imbalances,' Papademos told reporters on the sidelines of a banking conference.
Fitch cut debt-stricken Greece's sovereign rating to BBB+ with a negative outlook last Tuesday, citing a fiscal deterioration.
(Reporting by Sarah Marsh; Editing by Victoria Main)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.