ECB prepared to 'do more' to shore up eurozone, Coeure says; France's Macron says talks must continue

Gazzetta team
ECB prepared to 'do more' to shore up eurozone, Coeure says; France's Macron says talks must continue
The European Central Bank is ready to take additional measures to support the eurozone at a "time of uncertainty," ECB Executive Board member Benoit Coeure said on Sunday.

Speaking at an economic conference in Aix-en-Provence in southern France, Coeure said the ECB will "find the necessary instruments and use those instruments to do more if that becomes necessary."

"In the current circumstances of great uncertainty in Europe and the world, the ECB has been clear that if we need to do more we will do more...Our will to act in this matter should not be doubted," Coeure added.

Speaking at the same conference, French Economy Minister Emmanuel Macron said that talks between the two sides must continue, even if Greeks vote 'no' in Sunday's referendum.

Macron said Greece and its creditors had to find a compromise based on reforms while also making its debt burden more sustainable.

"Whatever the vote, we must starting tomorrow respond with political discussions to create a framework," Macron said, adding: "It's not about taking refuge behind the ECB and others that have already done more than enough."