Greece could secure short-term debt relief measures “very soon” if it implements remaining reforms agreed under its bailout program, the head of the euro zone’s bailout fund, the European Stability Mechanism (ESM), said on Saturday.
Under a deal signed last year with euro zone countries, the European Central Bank and the International Monetary Fund, the ESM will provide financial assistance of up to 86 billion euros to Greece by 2018 in return for the agreed reforms.
The parties also agreed that debt relief would be granted in tranches, including short-term measures to extend Greece’s debt, and that there would be a further reduction after 2018 including interest deferrals and interest rate caps.
“We have been working on them (…
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