ECB's Nowotny: help for Greece can't come from ECB

VIENNA | Tue Feb 9, 2010 8:45am EST

VIENNA Feb 9 (Reuters) - The European Central Bank cannot intervene to help Greece due to its no-bailout clause, and any help from countries would be a political decision, ECB Governing Council member Ewald Nowotny was quoted as saying on Tuesday.

"The ECB have a clear mandate ... we have a clear no-bailout clause," Nowotny said in an interview with FT Alphaville, a blog published by the Financial Times newspaper.

"So the ECB as such cannot intervene. Whether there are some intervention from the side of individual countries, let's say bilateral or some kind of concerted action, this is a political decision," he said. "But it's not, with regards to the ECB." (Reporting by Boris Groendahl; editing by Patrick Graham)

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