Regling echoes other European leaders in optimistic view of ongoing Greek bailout review prospects
ESM Managing Director Klaus Regling “stayed on message” over the weekend vis-a-vis the “last stretch” of ongoing third Greek bailout, saying that if the current Greek government continues with agreed to reforms then the third review will conclude as planned.
As such, he was quoted by the German daily Handelsblatt as saying that a pending tranche of bailout loan money will be approved in early 2018 if the process continues in this manner. The third review of the ongoing (third) bailout is scheduled for conclusion by the end of the year, or, by early 2018 at the latest.
“It’s a fact that the two previous reviews (of the third memorandum) featured significant delays, but we are encouraged by the preliminary work that Greek authorities have done for the third review,” Regling said.
You may be interested
Enjoy the traditional Greek loukoumadesPanos - Dec 06, 2019
According to Greek tradition, Loukoumades are made over the Christmas period and served on special Feast Days, as during the…
800 Ancient Roman amphorae confirm 6th AD shipwreck off Akrotiri-Dreamers Bay in CyprusPanos - Dec 06, 2019
The discovery of 800 Roman amphorae dating to the end of the 6th or the 7th century AD and scattered…
The Greek island teacher who goes to school by dinghyPanos - Dec 06, 2019
When 27-year-old Despina Anthoulaki applied last summer for the position of substitute teacher, she could not imagine that this year…