Klaus Regling warns creditors might suspend debt relief in Greece, if it stops reforms

10 September 2018
746 Views

The Managing Director of the European Stability Mechanism (ESM) Klaus Regling warned that the debt relief measures for Greece would be suspended in the event Greece failed to continue implementing the agreed adjustment measures.

In an interview with the Austrian newspaper “Die Presse” and under the reporter’s pressing questions about the Greek government’s financial promises ahead of the 2019 general elections, following the end of the bailout programme, Mr. Regling was clear: “Greece must continue the reforms. We are very patient creditors.

But we can stop the debt relief measures that have been decided for Greece if the adjustment programs do not continue as agreed. I am optimistic after my most recent talks with Prime Minister Tsipras. The level of debt may seem terribly high, but Greece can live with it, as maturing loans are longterm and loan rates are much lower than in most other countries ”

Mr. Regling repeated once again that in 2015 Greece was on the brink of a Grexit.

You may be interested

Pakistani gang leader arrested by Greek police
GREECE
shares47 views
GREECE
shares47 views

Pakistani gang leader arrested by Greek police

makis - Nov 27, 2020

The Pakistani leader of a gang, whose knife-wielding members broke into an apartment in Kaminia last Saturday and slaughtered a…

These blood types have a lower risk of contracting Covid-19
HEALTH
shares41 views
HEALTH
shares41 views

These blood types have a lower risk of contracting Covid-19

Panos - Nov 27, 2020

New research adds to the growing body of evidence that people with blood type ‘O’ may have a lower risk…

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks
WORLD
shares59 views
WORLD
shares59 views

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks

Panos - Nov 27, 2020

Former New York Times reporter Alex Berenson has slammed Amazon for attempted ‘censorship’ after the company backed down from its…

Leave a Comment

Your email address will not be published.