ESM Chief Regling sees new upgrade of the Greek economy by rating agencies

A further upgrade of the Greek economy’s rating from the rating agencies is a matter of time, as long as Greece continues to pursue reforms, European Stability Mechanism (ESM) chief Klaus Regling said in an interview with public broadcaster ERT on Thursday.

Regling made a special reference to the issue of a Greek 10-year bond last week, saying that this had showed that markets view Greece positively.

Regarding the general course of the Greek economy after the end of the programme, he said that progress has been made, but there are some issues that remain to be addressed, such as primary residence protection and the need to further reduce the proportion of “bad” loans in bank portfolios.

Source ANA-MPA
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