Varoufakis Counts on ECB to Avoid Greek Default in March

Greek Finance Minister Yanis Varoufakis said he’s counting on the European Central Bank to help the country avert default when it runs out of money next month, while bank deposits are also starting to flow back.

The ECB owes Greece almost 2 billion euros ($2.3 billion) from the return of profits made under a program to buy euro-region bonds to support the market, Varoufakis said in an interview with Bloomberg Television in Athens. The Greek government must make four payments to the International Monetary Fund in March, to service its bailout loans.