The Chief Executive Officer of the European Financial Stability Facility (EFSF) Klaus Regling said the Greek government has not yet submitted a comprehensive list of economic reforms as requested by the country’s international lenders. In an interview with the Portuguese newspaper Diario de Noticias, the EFSF Chief stated that Athens has so far implemented everything it has committed to, such as making payments towards the EFSF and the International Monetary Fund (IMF).
Furthermore, Mr. Regling expressed the opinion that further financial assistance should be made available to Greece, explaining that fresh aid towards addressing its debt problems in the short term may be necessary since the country has not been granted access to the markets yet. Although, the EFSF official underlined that Athens’ European partners want a detailed and comprehensive list of reforms which would allow its return to a sustainable situation before proceeding with any additional financial assistance.
Answering the question of how much additional liquidity will be made available to Greece, Mr. Regling explained that European institutions are currently evaluating the situation and have yet to determine the funding gap needed to be covered. Finally, the EFSF Chief appeared optimistic that a deal between Greece and its European partners will soon be concluded.