ESM plans to buy IMF loans

Germany and the head of ESM Klaus Regling have supported this solution

Eurozone and IMF are discussing a new plan for Greek debt, in order to proceed to debt stretch without blocking the process by claiming a debt haircut.

One solution discussed informally for a quite some time now is European Stability Mechanism (ESM) to buy IMF loans so as the Fund could be disengaged without having the possibility to veto the debt sustainability analysis based on which the new debt restructuring will be achieved.

Germany and the head of ESM Klaus Regling have supported this solution during private talks with Greek officials.