No Credit Line or Further Measures will be Needed, ESM's Regling Says

No Credit Line or Further Measures will be Needed, ESM's Regling Says

A precautionary credit line is not necessary, European Stability Mechanism (ESM) chief Klaus Regling said on Wednesday in an interview with Skai TV adding that no additional fiscal measures will be needed after Greece completes its adjustment program.
Regling said that he believed everything was in the right place as a result of significant fiscal efforts over the last two years. "The fiscal package until 2020 has been determined," he noted.
The head of the ESM predicted that there would be positive fiscal developments and added: "I think it is important to reduce tax rates and strengthen growth."

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