The ECB's other German board member, Joerg Asmussen, last month urged France to take "concrete and measurable" steps to bring down its budget deficit.
BBC: France to miss deficit target, President Hollande says
2.
Germany's Mr. Asmussen shot back with a threat of his own.
WSJ: European Disunion: Dithering at the Top Turned EU Crisis to Global Threat
3.
Dr Monastiriotis argues that, despite Mr Asmussen's assertion, the ECB will agree to help fund the extension by delaying the repayment of its Greek bonds.