Tag: ESM

Regling: Tsipras govt in clear-cut violation of procedures; risk of fiscal target not being met
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Regling: Tsipras govt in clear-cut violation of procedures; risk of fiscal target not being met

Panos - Jun 14, 2019

Fulfilling terms it had agreed to with European creditors in 2018 is an absolutely necessary condition for further debt relief measures, ESM Managing Director Klaus Regling warned…

ESM announces extension of maturity of 96.3 bln€ worth of EFSF loans granted to Greece, by 10 years
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FINANCE
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ESM announces extension of maturity of 96.3 bln€ worth of EFSF loans granted to Greece, by 10 years

Panos - May 14, 2019

The maturity for European Financial Stability Facility (EFSF) loans extended to Greece over the 2012-2014 bailout period, reaching the stratospheric level of 96.3 billion euros, has been…

Greece exits final bailout…”successfully”?
GREECE
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GREECE
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Greece exits final bailout…”successfully”?

Panos - Aug 20, 2018

Greece officially concludes its third bailout program with a successful exit, the euro zone’s ESM rescue fund said on Monday. “Today we can safely conclude the ESM…

ESM releases fifth and last loan tranche to Greece; 9.5 bln€ to flow into ‘cash buffer’
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FINANCE
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ESM releases fifth and last loan tranche to Greece; 9.5 bln€ to flow into ‘cash buffer’

Panos - Aug 07, 2018

The European Stability Mechanism (ESM) on Monday released the fifth - and last - bailout tranche to Greece, as part of the soon-to-be concluded third support program,…

ESM promises rapid disbursement of last bailout loan money to Athens once ‘national procedures’ completed
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GREECE
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ESM promises rapid disbursement of last bailout loan money to Athens once ‘national procedures’ completed

Panos - Jul 13, 2018

Bloomberg on Thursday assessed that the "glitch" in disbursing the last 15-billion-euro loan tranche to Greece, held up due to Berlin's annoyance over a measure freezing lower…

ESM confirms release of one-bln€ sub-tranche in financial assistance to Greece
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FINANCE
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ESM confirms release of one-bln€ sub-tranche in financial assistance to Greece

Panos - Jun 15, 2018

The European Stability Mechanism (ESM) issued a press release in the afternoon confirming that it has released one billion euros in financial assistance to Greece, set for…

ESM releases €1 billion sub-tranche after Greek government passes measures in parliament
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FINANCE
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ESM releases €1 billion sub-tranche after Greek government passes measures in parliament

makis - Jun 14, 2018

The ESM released the €1 billion sub-tranche to Greece immediately after the Greek parliament passed the omnibus bill concerning the package of measures required by the agreement…

Eurozone’s ESM postpones €1bn loan tranche to Greece
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FINANCE
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Eurozone’s ESM postpones €1bn loan tranche to Greece

makis - Jun 08, 2018

A report claiming Athens has not made enough progress in clearing debt arrears is being blamed for a eurozone decision to suspend a €1 billion ($1.1 billion)…

ESM urges Greece to stick to reforms, calls IMF to join bailout – chief economist
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GREECE
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ESM urges Greece to stick to reforms, calls IMF to join bailout – chief economist

Panos - Jun 01, 2018

Greece must commit to implementing reforms in order to shield itself from external risks as it emerges from its third international bailout, the chief economist of the…

ESM head Regling: Greece would be out of crisis now if “Grexit” did not loom in 2015
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FINANCE
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ESM head Regling: Greece would be out of crisis now if “Grexit” did not loom in 2015

Panos - May 08, 2018

The Managing Director of the European Stability Mechanism (ESM), Klaus Regling said Greece would have existed the economic crisis, if the “Grexit” scenario had not become a…

Handelsblatt: ESM, Paris submit Greek debt relief plan linked with 5-year growth rate
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FINANCE
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Handelsblatt: ESM, Paris submit Greek debt relief plan linked with 5-year growth rate

Panos - Apr 04, 2018

The European Stability Mechanism (ESM) and France have reportedly submitted a plan to link debt relief for still-bailout dependent Greece with the country's growth until 2050, Handelsblatt…

ESM approves of 6.7-bln€ bailout tranche to Greece
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FINANCE
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ESM approves of 6.7-bln€ bailout tranche to Greece

Panos - Mar 28, 2018

The ESM's board of directors on Tuesday approved the disbursement of a 6.7-billion-euro tranche to Greece, as part of the ongoing bailout program, according to a press…

ESM approves €6.7 billion-euro tranche for Greece
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ESM approves €6.7 billion-euro tranche for Greece

makis - Mar 27, 2018

The European Stability Mechanism (ESM) has approved the release of the €6.7 billion tranche for Greece as part of the bailout programme. Of the total amount, 5.7…

ESM’s Jense: Greece must continue with reforms even after bailout ends
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FINANCE
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ESM’s Jense: Greece must continue with reforms even after bailout ends

Panos - Jan 15, 2018

European Stability Mechanism (ESM) board member and funding chief Kalin Anev Janse on Friday reiterated that still bailout-dependent Greece would have to continue reforms even after it…

ESM releases 800 mln€ sub-tranche to Greece after creditors’ assessment
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FINANCE
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ESM releases 800 mln€ sub-tranche to Greece after creditors’ assessment

Panos - Oct 27, 2017

The European Stability Mechanism (ESM) on Thursday announced that its board of directors had authorized the release of an 800-billion-euro sub-tranche of bailout money to Greece "for…

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
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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
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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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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…