If Greece continues to implement the reforms included in its adjustment program the country could become the “fifth success story” of the European Stability Mechanism (ESM), its head, Klaus Regling said on Wednesday at the Institutional Money Congress in Frankfurt, in a speech titled “The ESM and Euro Area Financial Stability”, ANA reports.
“If Greece continues to implement the reforms, I am optimistic that the country can become our fifth success story, when the ESM program ends this August. If the government stays on course, it should be able to regularly refinance itself independently on the market,” he said, in a reference to the other four countries -Ireland, Portugal, Spain and Cyprus- which successfully concluded their ESM programs.
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