IMF spokesman: ESM proposal on Greek debt relief is viewed positively

According to the spokesman of International Monetary Fund (IMF), Gerry Rice, the proposal made by the head of the European Stability Mechanism (ESM), Klaus Regling, on the issue of the relief of the Greek debt is seen positively.

Rice notes that the proposal to repay old loans with the unused money after the completion of the third programme could be positive, but it shall be examined carefully, as to indicate whether it produced the desired impact of turning the Greek debt into a sustainable one. Concluding, he remarked that the “initial agreement” will be activated, only if a debt relief is implemented.

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