Head of the European Stability Mechanism (ESM) Klaus Regling is confident the International Monetary Fund (IMF) would participate in the third Greek bailout program

Market news

8 September 2015

Head of the European Stability Mechanism (ESM) Klaus Regling is confident the International Monetary Fund (IMF) would participate in the third Greek bailout program

The head of the European Stability Mechanism (ESM) Klaus Regling said on Monday that he was confident the International Monetary Fund (IMF) would participate in the third Greek bailout program.

"It has not been defined to what extent the IMF will contribute but I'm confident that they will participate later this year," he said.

Regling also said that he was confident that there is no need for the full fiscal union.

"I don't think we need to go a lot further for a good functioning of the euro zone area," he said.

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