Klaus Regling
Economy
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...
Economy
Eurogroup's Dijsselbloem: Institutions to Return to Athens 'Possibly Tomorrow'
Eurogroup President Jeroen Dijsselbloem said the institutions will return to Athens “possibly tomorrow” to complete the first review of Greece’s adjustment program.
Speaking after the Eurogroup meeting at a joint press conference with European Commissioner for Economic and Financial Affairs,...
Economy
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...
Economy
European Stability Mechanism Rules Out Greek Debt Haircut
President of the European Stability Mechanism (ESM) Klaus Regling ruled out a haircut for Greece's state debt on Tuesday. Instead, he said the European Union is examining ways to make Greece's debt more sustainable.
Regling told Reuters that Greece must...
Economy
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...
Economy
ESM Chief Confident of IMF Participation in Greek Bailout
European Stability Mechanism Chief Klaus Regling appears optimistic that the International Monetary Fund will jump on board the Greek bailout program.
During an interview with German newspaper Frankfurt Allgemeine Zeitung, Regling noted that the IMF should join in the program...
Economy
EFSF's Regling: 'The Greek Program Will Not Proceed Without the IMF'
Two of the most powerful men in the Eurozone, Klaus Regling, head of the EFSF and ESM and Thomas Wieser, head of EuroWorking Group, believe that the third Greek bailout program will only work with the participation of the...
Economy
ESM Releases 2.71 Bln Euros for Recapitalization of National Bank
The European Stability Mechanism (ESM) board of directors decided to release 2.71 billion euros to Greece to recapitalize the National Bank of Greece, on Tuesday.
This amount will be subtracted from the funds designated to cover potential resolution and recapitalization costs of...
Economy
Eurogroup Urges Greece to Swiftly Implement Bailout Prior Actions
Eurozone officials addressed the progress of the Greek bailout and its future, following a Eurogroup meeting in Brussels on Monday.
Eurogroup President Jeroen Dijsslebloem noted that the design of the second stage of the bailout package had been agreed...
Economy
ESM Chief Warns that Greek Debt Haircut Won't Happen
European Stability Mechanism chief Klaus Regling dealt another blow to the Greek government's hopes for a debt haircut, noting in an interview published on Monday, that a haircut is not feasible.
The ESM released the key points of Regling's interview...