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ECB vice-president calls on Greeks to vote yes in referendum


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ECB vice-president calls on Greeks to vote yes in referendum

The ECB’s vice president has dangled the carrot of easier terms for Greek debt if voters there vote ‘yes’ in Sunday’s bailout referendum.

Vitor Constancio said the vote’s only relevance was if made an agreement on financial assistance more likely.

The government continues to recommend a rejection of the terms, but Constancio said funding could be “loosened”, although he stressed all ECB council members would need to agree. Some are more determined than others to make Greece stick to the 2012 plan, since when the IMF says there has already been “policy slippage”.