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
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