Klaus Regling

The onus is on the Greek prime minister to decide whether Athens will legislate fresh measures for 2019, as the country's creditors are demanding, while the latter have formed a common front against Athens, and both the European Stability Mechanism and Berlin on Monday stressed the need for the International Monetary Fund's participation in the program.

Government officials are gearing up for a long-awaited summit of eurozone finance ministers on Monday where the prospects for Greek debt relief are expected to be discussed, but a European official has told Kathimerini that it is more likely a concrete solution will be hashed out in January.

The short-term measures which the European Stability Mechanism (ESM) is preparing regarding the lightening of Greece's national debt will be presented in next month Eurogroup meeting, ESM chief executive officer Klaus Regling said on Monday in Brussels.

Greece's official lenders are likely to offer it short-term debt relief by the end of this year, the head of the eurozone's bailout fund said on Tuesday.

Klaus Regling, head of the European Stability Mechanism, told reporters that there was progress in talks.

Greece could start returning to financial markets next year if it keeps up with economic reforms, the head of the European Stability Mechanism (ESM), the eurozone's bailout fund, said on Tuesday.

"We've assisted five countries during the crisis: Greece, Ireland, Portugal, Spain and Cyprus. Four of these are now success stories," Klaus Regling told a conference in Nicosia.

In an interview to “Proto Thema” newspaper, the Managing Director of the European Stability Mechanism (ESM), Klaus Regling said the Eurozone was unwilling to focus on the issue of the Greek debt more than was necessary “within the framework of the Greek program.” Regling stressed that wages in Greece would not decline any further, adding that they would actually rise in the future, p

European Stability Mechanism (ESM) Managing Director Klaus Regling stated categorically Tuesday that the only way for Greece to return to international markets would be for the Greek government to claim full ownership of the country's reform program.

The board of the European Stability Mechanism has finally approved the disbursement of a 2.8-billion-euro subtranche to Greece that completes the first review of the country's third bailout.

Euro Zone representatives have announced that they have approved another EUR 2.8 B in financial assistance to Greece, reported France Presse.

The decision taken on Tuesday is a sign of the stable progress of reforms in the country, explained the Managing Director of the European Stability Mechanism Klaus Regling, reported BNR.

European Economic and Financial Affairs Commissioner Pierre Moscovici was the first to say it, albeit in tactful terms, followed more tersely by European Stability Mechanism chief Klaus Regling: Certain Greek ministers are dragging their feet and undermining the implementation of the bailout. They did not use those exact words, but there was no mistaking their meaning.