The managing director of the European Stability Mechanism (ESM), Klaus Regling appeared confident Greece would access the markets in 2017 in an interview to Bloomberg TV. He estimates this could be achieved by Greece initially issuing ‘small’ state bonds in 2017, before having the full capacity to seek funding in the money markets in 2018, at time by which the ESM program will have come to an end. The caveat, however, was that the country would have to fully implement the adjustment program it has undertaken like the reform package and medium term primary surpluses to boost investor confidence. ‘Most of the fiscal adjustment program has been implemented’, Regling said.