ESM
Economy
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 reforming Greece’s social security system.
Speaking to a joint press conference along with European Stability Mechanism...
Economy
ESM Greenlights 1 Billion Euro Bailout Installment to Greece
The European Stability Mechanism approved the disbursement of the one billion euro bailout tranche to Greece on Tuesday afternoon.
https://twitter.com/ESM_Press/status/679327015485468672
The collection of the money by the Greek government will mark the conclusion of the first round of funding. A review of the...
Economy
One Billion Euro Bailout Tranche Could be Released Before Christmas
Greece is likely to receive the delayed one billion euro bailout installment before Friday.
European Commission spokesperson Mina Andreeva claimed on Monday that creditors will decide on the release of the money before Christmas if everything goes smoothly.
"Greek authorities delivered all the outstanding...
Economy
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 German newspaper Frankfurt Allgemeine Zeitung, Regling noted that the IMF should join in the program...
Economy
EFSF's Regling: 'The Greek Program Will Not Proceed Without the IMF'
Two of the most powerful men in the Eurozone, Klaus Regling, head of the EFSF and ESM and Thomas Wieser, head of EuroWorking Group, believe that the third Greek bailout program will only work with the participation of the...
Economy
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 will be subtracted from the funds designated to cover potential resolution and recapitalization costs of...
Economy
ESM Chief Warns that Greek Debt Haircut Won't Happen
European Stability Mechanism chief Klaus Regling dealt another blow to the Greek government's hopes for a debt haircut, noting in an interview published on Monday, that a haircut is not feasible.
The ESM released the key points of Regling's interview...
Economy
ESM Approves 2 Billion Euro Disbursment to Greece
The European Stability Mechanism's (ESM) Board of Directors authorized the disbursement of 2 billion euros to Greece, following the country’s completion of the first set of prior actions as demanded by creditors. In the ESM's announcement it is mentioned...
Economy
Dijsselbloem: 'Greece Fulfilled the Prerequisites, the Installment Will Be Disbursed'
Eurogroup President Jeroen Dijsselbloem announced that the Euroworking Group agreed that Greece had completed all the reforms highlighted in the first prerequisites for its bailout package, thus paving the way for ESM to disburse the first loan installment.
Here's his full...
Economy
ESM Could Further Improve the Economic Conditions of the Greek Program
Member states will monitor the implementation of reforms by Greece and decide whether to enter into discussions on further debt relief, the general director of the European Stability Mechanism (ESM) Klaus Regling said during a conversation with MEPs of...