Reuters reporting comments from the European Stability Mechanism this morning 3 Sept 2016
ESM chief Klaus Regling told Ta Nea newspaper in an interview:
"We have been working on them (short-term debt relief measures) and they could be implemented very soon.
"We hope that the government implements remaining prior actions very soon."
Under a deal signed last year with the EZ, European Central Bank and the IMF the ESM will provide financial assistance of up to €486 billion 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.
Time to bring out my regular pic for these Greek posts methinks.
Anyhow I just popped by to freshen up the front page. Got a 12 hour return journey up North now to see the mighty Shrimpers in action. We'll bring you more news and G20 updates in due course.
Have a great week-end everyone and thanks as always for your brilliant support.
