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Greece

ESM's Klaus Regling Warns Greece Not to Backslide on Reforms

ESM Managing Director Klaus Regling warned the Greek government not to abandon its commitments in the post-bailout era saying that if Athens reneges, creditors may stop debt relief measures. In an interview with Austrian Die Presse newspaper, Regling stressed that...

ESM Chief Klaus Regling: Greece on the Right Track to Exit Bailout

The Greek government is on the right track, ESM Chief Klaus Regling said, reiterating the need to continue implementing the agreed actions. In a keynote speech titled "Germany, Greece, and the euro" delivered in Kassel, Germany on Saturday, Regling said...

ESM Chief Klaus Regling Says Debt Relief Not Necessary for Greece

European Stability Mechanism (ESM) Chief Klaus Regling told reporters on Wednesday evening that Greece will have no problem concerning its debt for the next decade. "In the short-term, there's no problem," he said, aligning his views to those of...

ESM's Klaus Regling Confident That the IMF Will Remain in the Greek Bailout Program [video]

The head of ESM Klaus Regling, expressed his expectation that the IMF will remain in the Greek bailout program, speaking to Bloomberg on Wednesday. In addition, Regling announced that it is impossible to clarify who is right in the predictions...

Greece May Need Less Than 86 Billion Euros, Says Klaus Regling

There will be no shortage of funds for Greece if it proceeds with reforms, said Klaus P. Regling, Chief Executive Officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism in an interview to...

Greece Needs Additional Austerity Measures and Reforms to Get Debt Relief, Says ESM Managing Director Klaus Regling

While the voices calling for the “haircut” on the Greek debt are growing ever stronger, European Union (EU) officials remain steadfast, sticking to their position that what is of the utmost importance right now is the implementation of the...

A Matter of Time Before Greece Needs Yet Another Bailout Plan, Says Klaus Regling

If there were any illusions as to whether the new bailout agreement will sort out for good Greece's financing needs and put the economy back on track, comments made recently by the European Stability Mechanism (ESM) Managing Director Klaus...

ESM's Klaus Regling Talks about Greek Debt in Interview with 'Delo'

The head of the European Stability Mechanism (ESM) Klaus Regling on Wednesday appeared confident that the ESM will not be greatly affected by the results of upcoming elections in Greece, despite having massive holdings in Greek debt. In an interview...

Klaus Regling: Higher Uncertainty in Greece

"Higher uncertainty seems to exist in Greece in comparison with Spain, Portugal and Ireland, where governments have changed but the adjustment program continued with small changes. Governments supported the overall direction and therefore the markets were appeased," stated...

ESM Chief Regling Says Greek Primary Surplus Targets Could Be Reduced

Chief of the European Stability Mechanism (ESM) Klaus Regling indicated on Friday that the European Institutions might consider reducing Greece's primary surplus targets beginning in 2021. Speaking during a press conference just before the crucial Eurogroup meeting coming up in...

Regling: 'Not Enough Fiscal Space To Cancel Greece's Pension Cuts'

Klaus Regling, chief executive officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism (ESM), said in an interview on Tuesday that even though Greece will achieve a high primary surplus for 2018, this...

First Half of 2015 Cost Greece €86-200 Bln, says ESM Chief Regling

Greece not only interrupted but also reversed reforms in the first half of 2015, resulting in a cost to the economy between € 86 and 200 billion, head of the European Stability Mechanism Κlaus Regling told Kathimerini newspaper. The EU...

ESM Chief Regling: Greece Can Tap Markets in 10 Months, if it Implements Reforms

"Greece can exit the current aid programme in 10 months and be financed independently through the markets, if the government adheres to the agreed reforms to strengthen growth and employment," Klaus Regling, head of the European Stability Mechanism (ESM),...

Greece will Successfully Complete Reforms, ESM's Regling Says

ESM managing director Klaus Regling said on Friday he is encouraged that the IMF executive board has now approved in principle an arrangement for Greece. "Arrangement should allow Greece to successfully complete reforms foreseen until the end of ESM and...

Greece Can Return to Markets This Year If Reforms Stay on Track, ESM's Regling Says

The disbursement of loans to Greece is likely to take place in early July, European Stability Mechanism (ESM) Managing Director Klaus Regling said on Wednesday, after a meeting with Greek Finance Minister Euclid Tsakalotos in Athens. He also repeated that...