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Authors: Diego Romero-Ávila and Rolf Strauch
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Authors: Mark Hallerberg, Rolf Strauch and Jürgen von Hagen
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Authors: Antonio Afonso and Rolf Strauch
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Transcript of interview with Klaus Regling, ESM Managing Director
Published in Der Standard (Austria) on 25 November 2016
Interviewer: Andreas Schnauder
Der Standard: Interest rates are rising. That is a burden, especially in euro area countries in the south. Will there be new tensions in the currency union?
Klaus Regling: No, I would not call that tensions. Interest rates have been incredibly low. Everybody was aware that they would rise one day. Everybody is taking this into account.
"Time for Reforms: The latest economic outlook and policy views by the German Council of Economic Experts"
1. What was decided on the next ESM loan tranche for Greece?
The Eurogroup welcomed the full staff-level agreement that was reached between Greece and the institutions. Subject to the completion of some remaining prior actions and national parliamentary procedures, the ESM Board of Directors is expected to approve the disbursement of the second tranche of the ESM loan facility amounting to €10.3 billion.
2. When is Greece expected to receive these funds?