“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 blasts Greece over decision to grant asylum to 8 Turkish officersmakis - May 25, 2018
The Turkish Foreign Ministry’s spokesman described the decision by the Greek legal system to grant asylum to the eight Turkish…
Moving moments as Pontian Greeks sing at Harry Klynn’s funeralmakis - May 25, 2018
Greek comedian Vassilis Triantafyllidis, known by his stage name “Harry Klynn”, was laid to rest in Kalamaria at the Church…