Tag: ESM

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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…

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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…

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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…

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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,…

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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…

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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…

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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…

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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)…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…