'We are not heading into a crisis like 10 years ago,' head of Europe's rescue fund says

Klaus Regling, the head of the European Stability Mechanism, tells CNBC at the IMF and World Bank annual meetings in Washington, D.C., that the euro region has 'growth and potential.'

Klaus Regling, the head of the European Stability Mechanism, tells CNBC that Europe is not on the cusp of recession.Amid data that suggests low growth, the European Central Bank has resumed its massive bond-buying program.Andrew Harrer | Bloomberg | Getty Images

Klaus Regling, the head of the European Stability Mechanism, told CNBC's Geoff Cutmore at the IMF and World Bank annual meetings in Washington, D.C., that the euro region has "growth and potential."

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