European Stability Mechanism (ESM) secretary general Kalin Anev Janse noted on Monday that Greece’s ability to overcome its economic problems is “a sign of the resilience of its people,” writing in a quarterly investor newsletter issued by the Eurozone’s emergency funding authority.
He also emphasized that the “ESM’s approach of granting loans in return for economic reforms works. Now, Greece has to regain investor trust on a lasting basis, by continuing to modernise its economy.
“We will continue to be a reliable and predictable partner for investors. We are transparent about our funding plans, and we only change them when there is a real need. When the final disbursement for Greece was announced in August, we left the plan unchanged. We will also manage this month’s €3 billion early repayment from Spain – another piece of good news! – through our liquidity buffer, again without any changes to the plan,” he added.
