Klaus Regling, managing director of the European Stability Mechanism (ESM), in an interview to Bloomberg TV, expressed his conviction that Greece would access the markets in 2017 covering thus its funding needs for 2018.

Regling pointed out that other countries in bailout programmes have tried to seek funding before the ESM programme had come to an end. This was feasible through “smaller” amounts, given that the borrowing cost is higher in the money markets than through ESM.

“I think Greece is in a position to do the same in 2017” Regling stated.