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Greece

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...

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...

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),...

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...

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...

ESM Chief Regling Sees Possible Return to Markets for Greece Within 2017

Greece should be able to go back to the markets late this year or early next year, provided it keeps up with the implementation of agreed reforms, European Stability Mechanism (ESM) head Klaus Regling said on Thursday. He was...

Regling: Greece May Return to Markets Before End of Bailout Program

Greece’s fiscal consolidation has been positive and strong and the country could return to the markets before the end of the current bailout program next year, European Stability Mechanism head, Klaus Regling, said in a speech at the Atlantic...

ESM's Regling: Greek Economy did Better than Expected in 2016

The European Union is more optimistic than the International Monetary Fund (IMF) about Greece’s economic performance because the numbers for 2016 were better than expected, Klaus Regling said in an interview with Spanish newspaper “El Pais” on Sunday, adding...

Regling to DW: If Greece Implements its Reforms, this will be the Last Bailout Program

Greece will not need a new bailout program if it implements the reforms agreed to in the beginning of the program, the Managing Director of the European Stability Mechanism (ESM), Klaus Regling, told Deutsche Welle. He also said he believed...

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...

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...

ESM's Regling: Optimistic in Finding Solution to Greek Debt Sustainability

The short-term measures on Greece’s debt that the European Stability Mechanism (ESM) is preparing will be presented at December’s Eurogroup, ESM’s Managing Director Klaus Regling said after the Eurogroup meeting in Brussels on Monday. Regling said there’s been progress in...