The European Stability Mechanism (ESM) will present proposals for short-term measures to alleviate the Greek debt in the upcoming weeks, said Klaus Regling, in an interview with the French newspaper Les Echos.

Mr. Regling mentioned three parameters on short-term measures. Namely, the longer-term restructuring of the Greek debt payback periods in the first place. Secondly, risk reduction for interest rates in view to protect the country from future increases. ESM will eliminate a large increase in interest rates for 2017 in a small part of the Greek debt, resulting in saving several hundred million euros.