Regling: Debt relief for Greece necessary in the long term
Greece needs more debt relief, especially in the long term, ESM Managing Director Klaus Regling was quoted as saying this week, a statement that coincided with his visit to Athens.
He also repeated that new relief measures aimed at the future are necessary in order to make the country attractive for investments.
In an interview published by Portugal’s “Publico”, the head of the Eurozone’s rescue fund said a new intervention on the debt front isn’t as significant in the short term. However, he added that “at the long-term level there is an issue, because we want to render Greece attractive for investments… it’s important that we create an environment that is growth friendly, one that includes taxes that are not so high, and a good regulatory environment.”
You may be interested
Merkel: I hope we take final step with Greek programme on Thursdaymakis - Jun 19, 2018
German Chancellor, Angela Merkel expressed hope that the Eurogroup meeting on Thursday would be the last step for the Greek…
Mykonos! The island where some bread slices cost 28 euros!makis - Jun 19, 2018
A Spanish bakery claims to sell the world’s most expensive bread in the world at €106 a loaf. OK, that…
U.S Embassy in Athens strongly condemns furlough to terrorist Koufontinasmakis - Jun 19, 2018
The U.S Embassy in Athens issued a press release condemning the granting of a 48-hour furlough to November 17th convicted…