Klaus Regling

Back-and-forth statements between Greece’s lenders and the new leftist government have turned into a proverbial tug-of-war.

While the Greek side insists on clarifying that the Memorandum is over, ESM Managing Director Klaus Regling tried to bring the former back to reality, saying that the “Memorandum has not ended, nor has it been suspended by the loan agreement”.

Following the more-or-less successful Eurogroup conclusion on Friday, Eurogroup head Jeroen Dijsselbloem stated the following:

-       There is hope that in the end we will have a positive result

-       We are talking about trust, and today we took a step forward in the building trust.

-       We are on track

Arne Delfs, Nikos Chrysoloras & Rebecca Christie

Chancellor Angela Merkel is convinced that Greek opposition leader Alexis Tsipras will do business with other euro-region governments if he wins next week?s election, German officials said, as a cash crunch looms for his country.

By Eleni Varvitsioti

BRUSSELS - The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official who has close and regular contact with the major players of the international markets.

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 Hardouvelis tells Eurogroup peers that reform effort is ongoing

Greece has committed itself to the immediate fulfillment of some prior actions required for the disbursement of the next bailout sub-tranches, the head of the Eurogroup stated on Thursday following a meeting of the council of eurozone finance ministers in Luxembourg.

Greece made its first official request on Thursday for further debt relief as the Euro Working Group (EWG) met in Brussels to rubber-stamp the 2013 primary surplus and approve the release of another 6.3 billion euros in bailout funding.

By Harry Papachristou

The head of the euro zone's bailout fund has warned Athens not to pay investors too much when it returns to bond markets later this month, in comments to a Greek newspaper that hit newsstands on Saturday.