Regling: Greece will access markets by 2017
- Written by E.Tsiliopoulos
The managing director of the European Stability Mechanism (ESM), Klaus Regling appeared confident Greece would access the markets in 2017 in an interview to Bloomberg TV.
He estimates this could be achieved by Greece initially issuing ‘small’ state bonds in 2017, before having the full capacity to seek funding in the money markets in 2018, at time by which the ESM program will have come to an end.
In the meantime, the government needs to add revenues to state coffers this year and therefore ENFIA property tax will be paid in 4 instead of five installments this year, stated alternate finance minister Tryfon Alexiades.
Greece further plans to ease capital controls, noted Governor of the Bank of Greece Yiannis Stournaras at an interview with Handelsblatt daily. The weekly allowance will soon be raised, he added.
