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ESM’s Regling: No need for 4. bailout, if Greece implements agreement

We work effortlessly to achieve an agreement with Greece and completed the second assessment together with the International Monetary Fund, the head of the European Support Mechanism (ESM), Klaus Regling said on Wednesday.

Speaking at the European Parliament, Regling stressed that if Greece adheres to what has been agreed upon there will be no need for a fourth bailout program once the current program concludes in August 2018.

He added that there has been good progress in the program that has covered half of its course while 32billion euros have been disbursed.

However, he noted that at this stage not all of the agreements of August 2015 have been implemented by the Greek authorities, therefore a delay in disbursement.

Regling underlined that there were always delays but they all end in agreements.

He pointed out at very positive results in Greece with regards to development and performance of public finances.

On the Grexit debate, Regling said that EU treaties did not provide a country’s exit from the euro zone and stressed that no one is preparing such an eventuality.

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