"If The Fool persists in his Folly he will become wise." - William Blake
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Greece could win short-term debt relief "very soon" if it implements reforms says the ESM
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)