''Klaus Regling, the managing director of the European Stability Mechanism,
the eurozone bailout fund, spoke to The Wall Street Journal about a range of issues, including
ongoing negotiations between Greece and its international creditors and
potential ways to relieve the country’s debt load. This is a transcript of the
interview with Viktoria Dendrinou.
WSJ: To start with Greece, it would be good to
get your sense on how negotiations are going. It seems they ended quite
abruptly in Athens [on Monday]. We were expecting them to come up with two
documents, one on what is agreed with the Europeans and one with the IMF’s
reservations but that just didn’t happen. Why do you think that didn’t happen
and why was there not enough progress?
KR: It is not easy, because Greece had the
most difficult starting position, they do not have a big implementation
capacity, and that’s why it is difficult. It is disappointing that we have seen
this long delay in the..''read more..
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