Greece
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Klaus Regling

ESM Chief: Greece Can Emerge Successfully From Bailout Program

"Greece, although it remains a special case, can emerge successful from the bailout program, as happened with Portugal and Cyprus" said President of the European Stability Mechanism Klaus Regling. The ESM head expressed this view in an interview in South...

Eurozone Sources Evaluate Positively FinMin Tsakalotos' Letter

Eurozone sources said on Wednesday they evaluated positively Greek Finance Minister Euclid Tsakalotos' letter to the president of Eurogroup Jeroen Dijsselbloem and to ESM chief Klaus Regling. The same sources reminded that what is pending is the boards and the...

ESM Chief: Tsipras' Annouced Benefit Measures Undermine Bailout Objectives

The recent benefits Greek Prime Minister Alexis Tsipras announced undermine the efforts creditors make to restore trust in Greece, said European Stability Mechanism President Klaus Regling. Regling spoke to Spanish newspaper El Mundo saying that, "Greece is committed to discuss,...

ESM's Regling: Short-Term Measures Will Have Significant Impact on Greek Debt Pile

The impact of the short-term measures for Greek debt relief announced by the last Eurogroup meeting will have a significant impact on the sustainability of the country’s debt, the managing director of the European Stability Mechanism (ESM) Klaus Regling...

European Institutions 'Surprised' by IMF Blog on Greek Programme, ESM Spokesman Says

European Commission spokeswoman Annika Breidthardt on Tuesday said that the Greek programme is absolutely credible when asked to comment on IMF officials statements on Monday on IMF's blog. "We read very carefully the post of IMF officials" said Breidthardt adding...

Regling: Short-Term Measures on Greek Debt can Start Being Implemented in January 2017

The short-term measures adopted by the Eurogroup this week to relieve Greece’s debt could start being implemented from January 2017, the managing director of the European Stability Mechanism (ESM), Klaus Regling, said in an interview with Greek news website...

Greek Government Celebrates Pyrrhic Victory

Listening to the news on the state-run television stations after Monday's Eurogroup, one would think that the Greek debt is reduced to the point that the country is one step away from economic recovery. That is if one is not...

Greek FinMinTsakalotos: Good That Short-Term Measures on Debt Will be Implemented Now

The short-term measures on debt relief for Greece will be implemented immediately and are more ambitious than initially expected, Finance Minister Euclid Tsakalotos said on Monday after the end of the Eurogroup meeting in Brussels. “Everyone confirmed that important progress...

Eurogroup: Greek Review Not Finalized, Short-Term Debt Relief Measures Decided

The meeting of euro zone finance ministers was concluded on Monday night without reaching an agreement on Greece's bailout program review; short term debt relief measures were decided. However, there was no decision yet on the participation of the...

ESM President: Greek Economy Stagnant Again, No Need for Debt Cut

There will not be a debt haircut for Greece because there is no need for it and the economy is stagnant again, said European Stability Mechanism President Klaus Regling. In an interview with Austrian newspaper Der Standard, Regling said that...