Regling: “We are ready to ease the Greek debt”
Technical work has begun to determine whether Greece will need a debt relief after an expected exit from the rescue programme later this year, ESM head Klaus Regling said from Tokyo.
He said that “debt-cutting” from investors or accepting losses on the value of sovereign debt would not be part of any restructuring when Greece left the rescue programme.
“The technical work has begun, so that we are ready by the summer when the programme expires,” Mr. Regling noted.
“If debt sustainability requires further debt relief, we are ready to grant it, provided that Greece continues its reforms,” he added.
Finally, he expressed his optimism about Greece, especially after the successful sale of government bonds to investors before leaving the memorandum.
You may be interested
FYROM PM Zaev: Greece has already recognised “Macedonian” languagemakis - Dec 10, 2018
FYROM’s Prime Minister Zoran Zaev claimed “Greece has recognized the Macedonian language”, despite the backlash caused after his statements about…
Anarchists group Rubikon attacks Alimos Town Hallmakis - Dec 10, 2018
Damages at the Alimos Town Hall were caused on Monday morning by members of the anarchist group “Rubikon”. According to…