ESM: Short-term debt re­lief ideas by year-end

Kathimerini English - - Focus -

Greece’s lenders are likely to of­fer the coun­try short-term debt re­lief by the end of this year, the head of the eu­ro­zone’s bailout fund said yes­ter­day, while sig­nal­ing that Athens may have to wait a while longer to com­pletely solve the prob­lem of its debt bur­den. Debt re­lief has be­come a ral­ly­ing cry for cri­sis-hit Greece, which has re­quired three in­ter­na­tional bailouts since 2010, stok­ing fears of be­ing left with a debt pile which may be im­pos­si­ble to man­age. Speak­ing in Ni­cosia, Klaus Regling, head of the Euro­pean Sta­bil­ity Mech­a­nism, also said he ex­pected that Greece could start mak­ing its way back into mar­kets next year, if it stuck to re­forms. “The ESM has a man­date to look at short-term

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