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

10 September 2018
91 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

JOKER results: 21/10/2018
GREECE
shares15 views
GREECE
shares15 views

JOKER results: 21/10/2018

Panos - Oct 21, 2018

The winning numbers from the JOKER draw are as follows:

Lotto results: 20/10/2018
GREECE
shares35 views
GREECE
shares35 views

Lotto results: 20/10/2018

Panos - Oct 20, 2018

The winning numbers from the Lotto draw are as follows:

US Embassy: Decision to release terrorist Savvas Xiros a “disservice to memory of victims”
GREECE
shares32 views
GREECE
shares32 views

US Embassy: Decision to release terrorist Savvas Xiros a “disservice to memory of victims”

makis - Oct 19, 2018

The US Embassy in Athens commented on the decision by Greek authorities to release convicted terrorist of November 17th, Zavvas…

Leave a Comment

Your email address will not be published.