ESM: Greece should develop a strategy for its return to market borrowing - Reuters

Eren Sengezer FXStreet

Klaus Regling, the head of the European Stability Mechanism, on Monday said that Greece should develop a strategy for its return to market borrowing and raise private finance before its euro zone bailout program ends in a year's time, as reported by Reuters.

Key quotes (via Reuters):

Greece will not need that much borrowing from the markets in the future
It's important for Greece to develop a strategy to go back
Ireland, Portugal and Cyprus had returned to borrowing in markets "well before" the end of their programs, in order to avoid a possible gap in funding
It is important for Greece to develop its strategy, including communicating with investors and reassuring them of its commitments to the reforms which euro zone sovereign creditors have demanded

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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