ESM Head: Greece could be the next success story

13 June 2018
218 Views

The Head of the European Stability Mechanism (ESM), Klaus Regling said Greece should continue the reforms until the completion of the current bailout programme, urging the country to maintain and expand the reforms beyond the programme.

He added that Greece could also become a “success story” like other countries where ESM programmes had been implemented.

His statements were made during his meeting with Greek PM Alexis Tsipras in Athens, Tuesday.

“There’s a commitment from the Eurogroup to provide more debt relief for Greece if needed when the programme ends, and if Greece has met all the programme conditions”, he said.
On his part, Greek PM Tsipras said he felt like a chess player engaged in multiple matches at the same time as extremely sensitive moves were required.

Shut out of markets in 2010, Greece is due to exit its third bailout program in August and hopes thereafter to rely solely on bond markets to cover its borrowing needs.
Greece, with the highest debt-to-GDP ratio in the 19-nation euro zone at 179.8 percent, was the recipient of the biggest sovereign rescue package in history.

You may be interested

FYROM PM Zaev: Greece has already recognised “Macedonian” language
GREECE
shares20 views
GREECE
shares20 views

FYROM PM Zaev: Greece has already recognised “Macedonian” language

makis - 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 Hall
GREECE
shares26 views
GREECE
shares26 views

Anarchists group Rubikon attacks Alimos Town Hall

makis - Dec 10, 2018

Damages at the Alimos Town Hall were caused on Monday morning by members of the anarchist group “Rubikon”. According to…

Kavala: The port city with the numerous faces
GREECE
shares802 views
GREECE
shares802 views

Kavala: The port city with the numerous faces

Panos - Dec 10, 2018

Kavala, the capital and main port of the Kavala prefecture is amphitheatrically built on the slopes of Mt. Symvolo forming…

Leave a Comment

Your email address will not be published.