Tagged: Regling

Opportunity missed at the Eurogroup

It was billed by some as the Eurogroup to end all Eurogroups, given that a definitive decision on Greek debt relief would have banished the lingering uncertainty about the country’s economic prospects and mostly settled matters between Athens and the institutions for the next few years. It turned out, though, to be a damp squib […]

Regling optimistic on the future of the Greek bailout program

In an interview for the Korean Herald, the chief of the European Stability Mechanism (ESM) Klaus Regling appeared optimistic that Greece will successfully complete its bailout program. According to the ESM chief, cooperation between Greece and its creditors was restore in August of 2015. Mr. Regling argued that Greece must remain committed to the implementation […]

“Short-term Greek debt relief proposals in next few weeks”

The head of the European Stability Mechanism Klaus Regling revealed that he will present his proposals for short-term debt relief for Greece in the next few weeks. In his interview for French newspaper Les Echos, Mr. Regling underlined three aspects of these short-term measures, the first of which is the normalization of the Greek debt […]

Regling: There are three reasons why Greece needed another bailout

“Greece is not close to any default. We are working to conclude the review and avoid problems of last year” said director of the European Stability Mechanism (ESM) and CEO of the European Financial Stability Facility (EFSF), Klaus Regling. In an interview with Corriere Della Sera, Mr. Regling said “There is an eight month delay […]

ESM chief Regling says Greece and creditors could agree in next four weeks

Klaus Regling, the managing director of the European Stability Mechanism, believes that Greece and its lenders can conclude their negotiations over the bailout review within the next month. Speaking to the Wall Street Journal, Regling indicated that although “politically difficult issues” are being discussed, a compromise can be found. “Under the best of circumstances these […]

Eurozone lender sees end of Greek reforms review in early May

International lenders may finish their review of Greek reforms, needed to unblock further credit to Athens and start debt relief negotiations, in early May, the head of the eurozone bailout fund Klaus Regling said on Tuesday. “My hope is that we will be able to conclude this review in early May, before the Orthodox Easter,” […]

Greek reform review making progress, Regling says

An international review by creditors of Greece’s reform program is advancing and it could be wrapped up by May 1, the head of the European Stability Mechanism (ESM) rescue fund told the Swiss newspaper Neue Zuercher Zeitung. “There is progress but it is too early to say when exactly the review will conclude,” Klaus Regling […]

Regling: Greece will face financial problems sooner or later

President of the European Stability Mechanism (ESM) Klaus Regling said in an interview with French Le Figaro that although he sees signs of improvement regarding the relations between Greece and its international creditors, Greece will face financial problems sooner or later. Mr. Regling stressed that “there is a completely different atmosphere now. The first six […]

Regling warns bailout review delay may affect liquidity in Greek economy

The head of the European Stability Mechanism Klaus Regling warned that delays in carrying out the review of the Greek bailout program may result in postponing the dispensation of financial aid and the talks on debt relief. Meanwhile, the Eurogroup chief Jeroen Dijsselbloem reported that the Greek Minister of Finances Euclid Tsakalotos has committed to […]

Regling: Greek govt knows that a debt haircut is not possible

There will be no haircut of the Greek debt, head of the European Stability Mechanism Klaus Regling clarified during his interview to Finnish newspaper Kauppalehti. However, he said that it is possible to consider providing more grace periods. More specifically, the head of ESM said there could be a Greek debt stretching, but he ruled […]

Regling: ESM could further improve the economic conditions of the Greek program

Member states will monitor the implementation of reforms by Greece and decide whether to enter into discussions on further debt relief, the general director of the European Stability Mechanism (ESM) Klaus Regling said during a conversation with MEPs of the European Parliament Committee on Economic and Monetary Affairs. However, he underlined that a haircut in […]