Klaus Regling is the managing director of the European Stability Mechanism, one of the entities involved in the Greek bailouts. Greece’s creditors are arguing about what to do next. We talk to him about the options.
Greece and its creditors have come to a compromise after showdown talks over the latest bailout package in Malta, according to reports. It means Athens will be able to receive a second tranche from the 2015 agreement.
Debt-laden Greece has edged closer to receiving fresh money through a third 'rescue package,' after eurozone finance ministers agreed to resume a review of Athens' reform program. But time is running short.
Debt-laden Greece far exceeded its international creditors' demands for budget savings last year, outstripping even the target for 2017, and presenting a strong case for unlocking more bailout funds.
The European Stability Mechanism (ESM) is providing Greece with billions of euros in fresh money after EU finance ministers finally agreed that the debt-laden country has made progress in bringing its finances in order.
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