View full page at forexfactory.com

 

Greece could win short-term debt relief "very soon" if it implements reforms says the ESM

From news.forexlive.com

Reuters reporting comments from the European Stability Mechanism this morning 3 Sept 2016 ESM chief Klaus Regling told Ta Nea newspaper in an interview: "We have been working on them (short-term debt relief measures) and they could be implemented very soon. "We hope that the government implements remaining prior actions very soon." Under a deal signed last year with the EZ, European Central Bank and the IMF the ESM will provide financial assistance of up to €486 billion to Greece by 2018 in return for the agreed reforms. The parties also agreed that debt relief would be granted in tranches, including short-term ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News