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Tag Archives: Regling

Commission Vice Vestager: Greece may have highest growth rate in Eurozone

“Greece may be the country with the highest growth rate in the eurozone next year,” Margrethe Vestager, Executive Vice-President of the European Commission for a Europe fit for the Digital Age said on Friday during a meeting with Prime Minister Kyriakos Mitsotakis, at the Maximos Mansion. “Both the management of …

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ESM opens way for discussion to reduce primary surplus in 2020

Head of the European Stability Mechanism (ESM), Claus Regling, has paved the way for reduction of the primary surplus and welcomed Greece’s intention to repay the IMF loan earlier than planned. Following the Eurogroup meeting on Friday, Regling said that if the growth rates of the Greek economy were higher …

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ESM Regling: “Tax cuts to be coupled with bordering of tax base”

“Greece’s economy – fulfilling expectations after the elections”? Clearly, a new government brings the opportunity to present new priorities,” said the Managing Director of the European Stability Mechanism, Klaus Regling during his speech at the Economist Conference on Tuesday. Although the government has just been elected and details remain to …

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FinMin Tsakalotos: Regling speaks “nonsense”, if he were my student….

Klaus Regling is speaking “nonsense” said Greek Finance Minister Euclid Tsakalotos adding that if the head of the European Stability Mechanism were his student, he would be flunked. In an interview with Open TV on Thursday, Tsakalotos referred among others to Regling’s claim that the time when Yanis Varoufakis was …

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Eurogroup: Greece’s lenders concerned about the package of “relief measures”

The Eurogroup has warned Greece about the benefits and relief measures the parliament approved during the week. “Greece must continue to respect its commitments,” said Eurogroup chief Mario Centeno stressing at the same time that “Greece has overachieved on fiscal targets so far.” Deputy Finance Minister  Giorgos Houliarakis briefed the …

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Eurogroup approves disbursement of €973million “capital transfer” to Greece

Eurogroup chief Mario Centeno confirmed the approval of the approximately one-billion-euro (973 million euros) disbursement to Greece and the activation of what the Eurogroup calls “debt relief measures”, during a press conference after the end of the Eurogroup meeting in Bucharest. The almost one-billion-euros consists of 644 million euros return …

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Eurogroup chief Centeno, Greek Budget 2019 leave space to avoid pension cuts

Head of Eurogroup Mario Centeno opened the door a bit wider for the possibility that the measure for further pension cuts may not be implemented as of 1.1. 2019. The measure is “a fiscal” one and not a “structural measure,” he said on Monday. He suggested that there may be …

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Greece can be next euro success story, says EMS chief Regling

Greece is on track to become the next success story of the euro zone debt crisis, but fully regaining investors’ trust will require sustained commitment to economic reforms, the head of Europe’s rescue fund said on Tuesday. “Greece’s access to markets remains fragile,” European Stability Mechanism (ESM) head Klaus Regling …

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EU Commission believes additional measures needed for Greece to make debt sustainable

The European Commission believes that additional measures will be needed to make Greece’s debt sustainable, European Commission’s lenders’ mission chief for Greece, Declan Costello, said on Sunday in the  Economic Forum held in Delphi. He said he was confident the final review of the country’s bailout will be wrapped up …

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IMF will not activate its program for Greece if no debt relief agreement, says Fund’s spokesman

“The International Monetary Fund will not activate its program if there is no agreement on debt relief for Greece, ” Fund’s spokesman Gerry Rice said during a regular briefing on Thursday. Rice clarified that the € 1.6 billion program approved by the Fund for Greece will not come into force …

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ESM Regling says Greece could use “unused funds to repay loans to other creditors”

The head of the euro zone’s European Stability Mechanism (ESM) bailout fund told German economic newspaper Handelsblatt that Greece was making good progress with its reform drive. Klaus Regling added that “unused funds could be used to repay loans to other creditors.” Unused funds to repay loans to other creditors? …

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ESM approves €800mln bailout tranche for Greece

Greece received an extra 800 million euros of bailout money on Thursday, following a positive evaluation of its financial reform process. “I am satisfied to note the Greek government’s continued commitment to clear arrears,” said European Stability Mechanism (ESM) Managing Director Klaus Regling in a statement. “The amount of arrears …

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Regling: Greece may need less than originally planned ESM funds

As the government in Athens used only €32 billion from the €86 billion prepared by the European Stability Mechanism, with less than half the program until the end it is clear the final figure will be smaller than the maximum, said Klaus Regling, the facility’s managing director. German daily Bild quoted him …

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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 …

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