20 August 2018

The IMF will be part of the Greek program

23 March 17 | Klaus Regling
Klaus Regling


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Consultant - GREECE

IBI Group

Consultant - GREECE


Public entity - GREECE


Consultant - GREECE


Antulio Richetta

Director IBI Group
The head of the European Stability Mechanism (ESM) Klaus Regling expressed his belief that the International Monetary Fund (IMF) will participate in the Greek program, during an event in Brussels on Wednesday titled “25 Years of Maastricht Treaty - The Future of EMU".


"Allow me to note that I believe the IMF will be part of solving the last remaining case of the previous crisis: Greece,” he said, adding however that “it’s likely that IMF will not play same role in next Eurozone area crisis”. "The ESM could play a bigger role,” he said.

“ESM could develop into institution that is more similar to the IMF than it is now.” He noted however that this would require an ESM treaty change, perhaps even an EU treaty change and therefore consensus among member-states.


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