Regling: Greece can become a success story

Monday, August 14th, 2017
Last Update: 10:32
ESM’s chief , Klaus Regling, said in an op-ed to a German newapaper that fiscal progress in Greece has been particularly remarkable and views like nothing has happened in Greece since the start of the programme are an insult to the Greek people, who have suffered cuts to wages and pensions that would have been unthinkable in other countries. He stressed that Greece can also become a success story, if the government sticks to the agreed reforms; the ESM’s extremely favourable lending conditions - with interest rates of 1% and loan maturities of more than 30 years – enable it to overcome a deep crisis without costs for taxpayers in other euro area countries.

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