Head of the European Stability Mechanism (ESM) Claus Regling said he hoped the review of the Greek stability program would be complete before May, according to Reuters. Regling expressed his doubts whether the Greek government would be capable of implementing the necessary reforms provided for in the program. He made it clear that a successful review of the Greek program was a condition for the release of any money to the cash-strapped county and the start of talks over a possible debt relief. Regling said Portugal, Greece and Ireland might have possibly been ousted from the Eurozone, had the ESM not been set up.