Greece no threat to world economy: ECB director

BERLIN: Greece, which is teetering on brink of bankruptcy, is "no threat to the world economy," European Central Bank executive board member Joerg Asmussen said in newspaper interview Monday.

"Luckily, Greece is no threat to the world economy," Asmussen told the Financial Times Deutschland.

"Nevertheless, other countries expect us to find a solution. But by the G20 meeting at the end of the week, we'll be a great deal further" towards one, he said.

Eurozone finance ministers are meeting in Brussels on Monday to finalise a second Greek bailout in a deal which they hope will also quell suggestions that Greece could be pushed out of the currency area.

The deal to write off 100 billion euros ($130 billion) of debt and provide loans worth another 130 billion euros is contingent on painful new spending cuts that Athens must make despite violent protests.

Finance ministers and central bankers from the Group of 20 countries are to meet in Mexico City on February 25-26.