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ESM Head: Why was Greece Led to a Third Memorandum

ESM Head Klaus Regling said during an interview in Italian newspaper Corriere della Serra that "Greece is not facing bankruptcy. We are working in way that will...

Eurogroup's Dijsselbloem: Institutions to Return to Athens 'Possibly Tomorrow'

Eurogroup President Jeroen Dijsselbloem said the institutions will return to Athens “possibly tomorrow” to complete the first review of Greece’s adjustment program. Speaking after the...

European Stability Mechanism Rules Out Greek Debt Haircut

President of the European Stability Mechanism (ESM) Klaus Regling ruled out a haircut for Greece's state debt on Tuesday. Instead, he said the European...

Eurogroup: 'Greece Must Send Plan for Pension System Reforms'

Eurogroup President Jeroen Dijsselbloem and European Commissioner Pierre Moscovici said on Thursday the institutions are waiting for Greece to submit specific fiscal proposals for...

Economic Affairs Commissioner Warns Greece 'Not to Play Games with IMF'

European Commissioner for Economic Affairs Pierre Moscovici warned Greece "not to play games with the International Monetary Fund" as the Fund has not decided...

ESM Chief Confident of IMF Participation in Greek Bailout

European Stability Mechanism Chief Klaus Regling appears optimistic that the International Monetary Fund will jump on board the Greek bailout program. During an interview with...

ESM Releases 2.71 Bln Euros for Recapitalization of National Bank

The European Stability Mechanism (ESM) board of directors decided to release 2.71 billion euros to Greece to recapitalize the National Bank of Greece,  on Tuesday. This amount...

Eurogroup Urges Greece to Swiftly Implement Bailout Prior Actions

Eurozone officials addressed the progress of the Greek bailout and its future, following a Eurogroup meeting in Brussels on Monday. Eurogroup President Jeroen Dijsslebloem...