ESM: Greece should develop a strategy for its return to market borrowing – Reuters


Klaus Regling, the head of the European Stability Mechanism, on Monday said that Greece should develop a strategy for its return to market borrowing and raise private finance before its euro zone bailout program ends in a year’s time, as reported by Reuters.

Key quotes (via Reuters):

  • Greece will not need that much borrowing from the markets in the future
  • It’s important for Greece to develop a strategy to go back
  • Ireland, Portugal and Cyprus had returned to borrowing in markets “well before” the end of their programs, in order to avoid a possible gap in funding
  • It is important for Greece to develop its strategy, including communicating with investors and reassuring them of its commitments to the reforms which euro zone sovereign creditors have demanded
Loading Facebook Comments ...

Leave a Reply