According to Chief Executive Officer of the European Financial Stability Facility (EFSF) K.Regling Greece will be able to return to the open market by 2017, while it will be able to cover its lending needs from them by 2015.
Mr.Regling noted that, according to the experience from other countries which have been in bailout/reform plans, the countries usually try their lending ability before the end of the ESM funded programs. In the beginning the loans concerned small amounts since the lending cost was much higher that the loans provided by the mechanism.
“I believe that Greece will be in a position to do exactly the same in 2017, he said, while adding that, after 2018 the country is expected to be in a position to be funded by the markets”