Draghi: "No plan B" for Greece

Feb 9, 2012, 14:41 GMT

Frankfurt - European Central Bank chief Mario Draghi on Thursday said there was 'no plan B' for Greece, and expressed confidence that a solution would be found for the country's debt crisis.

'I'm quite confident that all these pieces will fall into place,' said Draghi at a press conference in Frankfurt.

But he refused to be drawn on the ECB's plans for its estimated 40-billion-euros (53-billion-dollars) worth of holdings in Greek bonds or whether it would accept a writedown on the debt.

He said he wanted to wait until the meeting of eurogroup finance ministers and officials set to take place later Thursday.

'The most important thing about Greece is this agreement,' he said referring to a much-delayed debt-and-budget deal reached in Athens earlier on Thursday.

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