Tag: ESM

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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…

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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…

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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…

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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…

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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…

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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…

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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,…