ESM Claims Greece Won’t Need Full Bailout Funds

Greece will need less in emergency loans from international lenders than originally agreed in its third bailout programme due to a better-than-expected budgetary developments, the head of the euro zone bailout fund was reported on Monday as saying.

Klaus Regling told German newspaper Bild that at the end of Greece’s money-for-reforms package in August 2018, the European Stability Mechanism (ESM) will “probably have paid out far less than the agreed maximum amount of 86 billion euros” because the Greek budget was developing better than expected.

The comments came shortly before euro zone finance ministers will meet in Brussels to assess Greece’s progress in fulfilling the conditions of its bailout.

Reuters

Investors in a Trance as Stocks Shuffle Higher

Amazon Committed to UK Despite Brexit

MS

Image – EUR Greece Greek Eurozone Grexit Referendum

Tags:, , ,