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ECB’s Nowotny: Turn ESM into European Monetary Fund for Greece’s Bailout

Veteran European Central Bank policymaker Ewald Nowotny has backed turning the European Stability Mechanism (ESM) into a IMF-styled lender and for it taking over...

ESM on Greek Debt Relief: We Shall See After August 2018

Greece's lenders will be able to determine if Greece needs further debt relief only in the summer of next year, the head of Europe’s...

Eurozone Approves Disbursement of 800 Million Euros to Greece

The European Stability Mechanism (ESM) authorised on Thursday the release of 800 million euros to Greece for the clearance of arrears, during a meeting...

European Stability Mechanism (ESM) to Decide Whether to Disburse Remaining 800 Million Euros to...

The European Stability Mechanism (ESM) said on Monday its board will meet on October 26 to discuss whether to disburse the remaining 800 million...

ESM Chief Regling: Greece Can Tap Markets in 10 Months, if it Implements Reforms

"Greece can exit the current aid programme in 10 months and be financed independently through the markets, if the government adheres to the agreed...

ESM Chief Klaus Regling: Greece on the Right Track to Exit Bailout

The Greek government is on the right track, ESM Chief Klaus Regling said, reiterating the need to continue implementing the agreed actions. In a keynote...

Angela Merkel Appears Optimistic About Growth in Greece

German Chancellor Angela Merkel held a traditional summer news conference on Tuesday, just less than a month before Germany's Sept. 24 federal election, and...

Germany’s Schaeuble Proposes ESM Use for Investments in Greece – With a Price

German Finance Minister Wolfgang Schaeuble is working on a proposal that would allow southern eurozone countries to tap into the single currency bloc's bailout...

Greece will Successfully Complete Reforms, ESM’s Regling Says

ESM managing director Klaus Regling said on Friday he is encouraged that the IMF executive board has now approved in principle an arrangement for...

ESM Dispenses 7.7 Bln Bailout Tranche to Greece

The European Stability Mechanism (ESM) announced the actual disbursement of the next loan tranche to Greece which took place on Monday, as scheduled. #ESM executed...

ESM Approves 8.5Bln Euro Tranche to Greece

The Board of Directors of the European Stability Mechanism (ESM) today approved the third tranche of €8.5 billion of ESM financial assistance to Greece. This...

EU Sources: Loan Tranche for Greece to be Approved on Friday

Officials in Brussels and Athens are confident that the Governing Body of the European Stability Mechanism (ESM) meeting on Friday will approve the disbursement...

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