Klaus Regling: Continue the reforms and we will discuss on a debt relief

Klaus Regling: Continue the reforms and we will discuss on a debt relief

Athens, January 15, 2015/ Independent Balkan News Agency

By Spiros Sideris

His convinction that Greece will remain in the euro expressed by Klaus Regling: speaking in the portuguese «Diario Economico».

The head of the European Stability Mechanism (ESM) points out, first, that the eurozone does not provide the exit of a member state of the single currency and, secondly, that 80% of the Greeks wants the country to stay in the eurozone.

“Eurozone governments have not changed their view. They want all countries to stay. At the same time, however, they want all countries with problems, which received financial support to improve their financial situation through reforms and fiscal consolidation where necessary. This applies to Greece”, he said.

Regling stressed that Greece has made good progress but is not yet at the finish line and emphasised that “it is in the interest of the greek economy for this process to be completed”.

Asked if there can be new greek debt relief, the head of the ESM reminded that eurozone pledged in November 2012 to review the sustainability of the greek debt and noted that it is something that can happen.