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

10 September 2018
432 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

EU condemns Turkey expresses full support to Greece and Cyprus in dispute with Turkey
POLITICS
shares15 views
POLITICS
shares15 views

EU condemns Turkey expresses full support to Greece and Cyprus in dispute with Turkey

makis - Dec 13, 2019

The European Union leaders expressed their full support to Greece and Cyprus over the dispute with Turkey in relation to…

How A.I. could help find Alien planets & asteroids
WORLD
shares34 views
WORLD
shares34 views

How A.I. could help find Alien planets & asteroids

Panos - Dec 13, 2019

Artificial intelligence could aid in the search for life on alien planets and detection of nearby asteroids, according to NASA…

US Senate approves Armenian Genocide recognition with 405-11 votes
GREECE
shares34 views
GREECE
shares34 views

US Senate approves Armenian Genocide recognition with 405-11 votes

Panos - Dec 13, 2019

The US Senate officially recognized the Armenian Genocide on Thursday, in a move that runs counter to the wishes of…

Leave a Comment

Your email address will not be published.