Calamos Supports Greece
GreekReporter.comGreek NewsEconomyESM Could Further Improve the Economic Conditions of the Greek Program

ESM Could Further Improve the Economic Conditions of the Greek Program

reglingMember 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 the nominal debt of Greece is not on the cards nor does the IMF suggest something like that. “My opinion is that this is not necessary,” he said, stressing that the Greek debt is sustainable for the next ten years.
Regling stressed that the ESM could further improve the economic conditions of the program, given that Greece meets its commitments for reform. “For example we could lengthen the time of maturity of the loans and postpone the imposition of an interest rate.”
(Source: ANA-MPA)

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts