ESM chief Regling says Greece and creditors could agree in next four weeks

13 April 2016
645 Views

Klaus Regling, the managing director of the European Stability Mechanism, believes that Greece and its lenders can conclude their negotiations over the bailout review within the next month.

Speaking to the Wall Street Journal, Regling indicated that although “politically difficult issues” are being discussed, a compromise can be found.

“Under the best of circumstances these are technically and politically difficult issues,” he told the newspaper in an interview published on Wednesday. “And that’s why it is very difficult to say whether this takes another two weeks or another four weeks. But I think it is not unrealistic to expect that over the next four weeks this is going to conclude.”

Greek Finance Minister Euclid Tsakalotos suggested in an press conference on Tuesday that there could be a deal this month and that an extraordinary Eurogroup could be held on April 25 or 26 to rubber stamp the agreement.

The talks broke off on Tuesday ahead of the International Monetary Fund’s spring meetings, which representatives of Greece’s four lenders as well as Tsakalotos are due to attend, but Regling denied that the pause indicated a breakdown in the process.

“I would still not say it ended abruptly this week because we know why there was a pause agreed in Athens,” he said. “People who did the work in Athens until today, they are now on planes and there will also be talks about the remaining issues in Washington, because everybody is there.”

You may be interested

Covid-19 Greece – 2,152 new cases on Wednesday
GREECE
shares11 views
GREECE
shares11 views

Covid-19 Greece – 2,152 new cases on Wednesday

makis - Nov 25, 2020

The Greek authorities announced 2,152 new cases of coronavirus on Wednesday, of which 6 were detected following checks at the…

Greece provides 50% tax deductions to foreigners and Greeks abroad
FINANCE
shares18 views
FINANCE
shares18 views

Greece provides 50% tax deductions to foreigners and Greeks abroad

Panos - Nov 25, 2020

The Greek Finance Ministry is introducing a series of tax incentives with the aim of attracting foreign workers and the self-employed, as…

No Tram and Metro services in Athens on Thursday due to strike
GREECE
shares20 views
GREECE
shares20 views

No Tram and Metro services in Athens on Thursday due to strike

Panos - Nov 25, 2020

Commuters in Athens will have no tram and metro services this Thursday, November 26, after staff in STASY, the fixed-rail…

Leave a Comment

Your email address will not be published.