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

10 September 2018
336 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

GREECE
shares19 views

Lotto results: 17/08/2019

Panos - Aug 17, 2019

The winning numbers from the Lotto draw are as follows:

KAS to meet in bid to change rules on Elliniko project
GREECE
shares47 views
GREECE
shares47 views

KAS to meet in bid to change rules on Elliniko project

makis - Aug 16, 2019

The Central Archaeological Council (KAS), Greece’s top advisory body on the protection of antiquities, which has quite a few new…

Ancient pyramid found on Aegean island reveals beginnings of ancient Greek civilisation
GREECE
shares122 views
GREECE
shares122 views

Ancient pyramid found on Aegean island reveals beginnings of ancient Greek civilisation

Panos - Aug 16, 2019

The long-buried structure, dating back at least 4,600 years, was constructed of marble transported from nearby Aegean islands on tiny…

Leave a Comment

Your email address will not be published.