“Greece can return to the financial markets in 2017”
The head of the European Stability Mechanism (ESM) Klaus Regling estimated that Greece could return to the financial markets in 2017, provided that the Greek government keeps up with the reform program.
“We’ve assisted five countries during the crisis: Greece, Ireland, Portugal, Spain and Cyprus. Four of these are now success stories” Mr. Regling explained at a press conference held in Nicosia, adding that he expects “Greece can also begin to return to markets next year, if it continues to reform”.
Recently the ESM chief sided with Germany’s Finance Minister Wolfgang Schäuble, who has estimated that Greece will not face any problems from the public debt, for at least a decade. The IMF however insists that relief measures are necessary since the debt is unsustainable, with the German Minister claiming that the Greek economy is suffering from a lack of competition.
You may be interested
Turkey’s veto on Austria in NATO stirs debate ahead of key meetingPanos - May 24, 2017
Turkey has confirmed that it has blocked Austrian participation in some NATO programs due to Vienna’s constant anti-Turkish stance on…
Schaeuble expresses optimism over Greek bailout deal in JunePanos - May 24, 2017
Powerful German FinMin Wolfgang Schaeuble on Tuesday appeared uncharacteristically optimistic over the prospects of a conclusive agreement for the Greek…