ESM's Klaus Regling Talks about Greek Debt in Interview with 'Delo'
Thursday, 10 September 2015
The head of the European Stability Mechanism (ESM) Klaus Regling on Wednesday appeared confident that the ESM will not be greatly affected by the results of upcoming elections in Greece, despite having massive holdings in Greek debt.
In an interview with the Slovenian newspaper "Delo", Regling admitted that the EFSF and ESM currently owned 45 pct of Greece's public debt and were due to take on more if things go according to plan. He pointed out, however, that more than 80 pct of the previous Parliament had voted in favour of the programme, which had the support of all parties.
"For me it is not so important who is in the next government....We are happy to work together with any future government in Greece," he said, though stressing that stalled reforms must continue as quickly as possible after the elections.