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ATHENS, June 28 -- Greeceisontracktoexitthecurrentthirdbailoutinmid-2018 andfocusshouldnowshifttogrowth, EuropeanStabilityMechanism (ESM) ManagingDirectorKlausReglingsaidonWednesday.
"Thepainfulmeasuresarenowbehindus...Nowyoucanconcentrateonstrengtheningtheprospectsforgrowth. Thisisthenewtarget," ReglingsaidduringameetingwithGreekPrimeMinisterAlexisTsiprasinAthens, accordingtoGreeknationalnewsagencyAMNA.
"Ourcommontargetnowistoregaintheconfidenceofthemarketsandtobeabletofinishtheprograminmid-2018, sothatwearenotinthedifficultpositionofneedingfurtherdisbursementsfromyou," Tsiprasreplied.
FollowingtalkswithGreekFinanceMinisterEuclidTsakalotosshortlyearlier, ReglingnotedthatthenextbailoutinstallmenttoAthensisexpectedtotakeplaceinearlyJulyandthatthecountrycouldreturntothemarketsin 2017 orearly 2018 "ifthereisprogressonreformsandtheprogramisfullyimplemented", AMNAreported.
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