NEWS

ESM chief optimistic over next Greek aid tranche

esm-chief-optimistic-over-next-greek-aid-tranche

The head of the European Stability Mechanism said on Wednesday he expected a deal on Greece’s next installment of aid and urged Europe to help Athens cope with the costs of the Syrian refugee crisis.

“The political issues are difficult but we are moving in the right direction,” Klaus Regling said at an event in London.

“I’m sure we will come to an agreement. I also think the IMF will join. After all if the review is concluded, the Eurogroup (of eurozone finance ministers) has committed to discuss additional debt relief, not a haircut, but additional debt relief.”

[Reuters]