Tag: ESM

Berlin clarifies position on ESM in the wake of Bild article
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FINANCE
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Berlin clarifies position on ESM in the wake of Bild article

Panos - Aug 24, 2017

Germany's finance ministry on Wednesday issued a quick clarification after a same-day Bild article claimed that German FinMin Wolfgang Schaeuble has “reversed” his position over any future…

ESM disburses € 7.7bn to Greece
GREECE
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GREECE
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ESM disburses € 7.7bn to Greece

makis - Jul 10, 2017

The European Stability Mechanism (ESM) disbursed the € 7.7 billion tranche to Greece, Monday. The amount was deposited in the Bank of Greece’s (BoG) special treasury account.…

ESM approves 8.5 billion tranche to Greece
FINANCE
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FINANCE
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ESM approves 8.5 billion tranche to Greece

makis - Jul 07, 2017

The European Stability Mechanism ESM) board of directors announced the approval of the third installment of the Greek bailout programme, amounting to € 8.5 billion, via its…

ESM’s Regling also cites prospect of Greece returning to markets in 2018
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FINANCE
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ESM’s Regling also cites prospect of Greece returning to markets in 2018

Panos - Jun 29, 2017

European Stability Mechanism (ESM) Managing Director Klaus Regling held talks with Greek leadership in Athens on Wednesday, before merely confirming that a recently approved next bailout loan…

Economist Rountable in Athens: ESM says Greece needs to do more
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FINANCE
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Economist Rountable in Athens: ESM says Greece needs to do more

makis - Jun 28, 2017

ESM Mission Chief for Greece Nicola Giammarioli urged Greece to implement the agreed measures emanating from the deal with the EU during the Economist’s 21st Roundtable in…

ESM prepares to ease Greek national debt
FINANCE
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FINANCE
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ESM prepares to ease Greek national debt

makis - Jan 10, 2017

The European Stability Mechanism (ESM) is set to implement short-term measures to ease Greece’s national debt by the end of January, as agreed at a December 5…

Eurogroup and ESM put short-term debt relief measures on hold
FINANCE
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FINANCE
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Eurogroup and ESM put short-term debt relief measures on hold

Panos - Dec 15, 2016

The spokesperson for the Eurogroup President Michel Reijns announced that the institutions have concluded that the actions of the Greek government do not appear to be in…

“Greece can return to the financial markets in 2017”
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FINANCE
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“Greece can return to the financial markets in 2017”

makis - Nov 01, 2016

The head of the European Stability Mechanism (ESM) Klaus Regling estimated that Greece could return to the financial markets in 2017, provided that the Greek government keeps…

ESM approves 2.8 billion euro tranche to Greece on Tuesday
FINANCE
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FINANCE
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ESM approves 2.8 billion euro tranche to Greece on Tuesday

Panos - Oct 25, 2016

The European Stability Mechanism’s board of directors convened on Tuesday morning and decided to authorize the disbursement of the 2.8 billion euro trance to Greece. The full…

ESM finally Oks 7.5 bln loan to Athens
FINANCE
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FINANCE
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ESM finally Oks 7.5 bln loan to Athens

Panos - Jun 17, 2016

The European Stability Mechanism (ESM) on Friday gave its final approval, as expected, of a 7.5-billion-euro loan tranche to Greece, with the money available almost immediately. According…

ESM: “€7.5bn paid out to Greece by end of June if preconditions are met”
FINANCE
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FINANCE
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ESM: “€7.5bn paid out to Greece by end of June if preconditions are met”

makis - May 31, 2016

The European Stability Mechanism (ESM) has further elaborated on the decisions regarding the Greek that were reached at the recent Eurogroup, via an FAQ. According to the…

ESM Sec-Gen Janse cites very low interest rates for loans to Greece
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FINANCE
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ESM Sec-Gen Janse cites very low interest rates for loans to Greece

ilias1 - May 28, 2016

The European Stability Mechanism (ESM) and European Financial Stability Fund (EFSF) have “locked” the current low interest rates for certain long-term bond issues, a development that benefits Greece,…

ESM approves release of 1-bln-euro loan tranche to Greece
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FINANCE
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ESM approves release of 1-bln-euro loan tranche to Greece

makis - Dec 22, 2015

The European Stability Mechanism (ESM) announced in a tweet on Tuesday that its board of directors authorized the disbursement of Greece’s 1-billion-euro loan tranche, after the country…

FT: ESM plans on issuing a 40-year bond for Greece
GREECE
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GREECE
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FT: ESM plans on issuing a 40-year bond for Greece

makis - Nov 24, 2015

The Financial Times reported that the European Support Mechanism (ESM) is planning on issuing a 40-year bond worth 1 billion euros, following the recent approval for disbursing…

ESM convenes to discuss payment of €2bn tranche to Greece
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FINANCE
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ESM convenes to discuss payment of €2bn tranche to Greece

ilias1 - Nov 23, 2015

The head of the Eurogroup Jeroen Dijsselbloem reported that the Euro Working Group has agreed that Greece has implemented the first package of prior actions, thus paving…

Regling: ESM could further improve the economic conditions of the Greek program
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FINANCE
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Regling: ESM could further improve the economic conditions of the Greek program

Panos - Nov 11, 2015

Member states will monitor the implementation of reforms by Greece and decide whether to enter into discussions on further debt relief, the general director of the European…