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

reglingIf 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 Regling to the French daily Le Figaro about the state of the Greek economy should put them to rest.

While Regling noted that the relationship between Greece and its creditors has improved significantly since the first months of Syriza’s rise to power, he warned that it is a matter of time before Greece finds itself again in a financing dilemma.

In the same context, he expressed his hope that the assessment of the progress made by the Greek government in implementing the new bailout agreement would be completed by Easter.