After his recent meetings in Athens, the head of the European Stability Mechanism Klaus Regling appeared at an Economist conference, where he urged Greek authorities to “take ownership” of the bailout program.
The strict implementation of the bailout program, he explained, is necessary in order for Greece to regain access to the credit market and receive further debt relief.
In his speech, the ESM chief defended the Eurozone’s approach for gradual debt relief for Greece, arguing that it provides the necessary incentives to stick to the bailout agreement, while Europe may also assess how relief s truly required.
