Greece has No Urgent Need to Return to Markets, Regling Says

Greece has No Urgent Need to Return to Markets, Regling Says

Greece has no urgent need to return to markets and can wait for two years, Klaus Regling, Managing Director of the European Stability Mechanism said on Tuesday.  Speaking to reporters during a news conference, Regling said that Italy's fiscal plans are a cause of concern but added that were was no reason to panic since the impact on other European countries has been "very limited" so far. He noted that Italy's debt problems are different from those of Greece.
 Greek decision to submit two draft budgets 'an unusual and clever idea'
Greece's decision to submit two draft budgets for 2019, one including pension cuts and one without, was "an unusual and clever" idea, Regling said in the same presser.

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