Greece
Economy
ESM and EFSF Unblock Short-Term Debt Relief Measures for Greece
The boards of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have approved the unblocking of short-term debt relief measures for Greece, the ESM announced on Monday.
In a statement after the board meetings, ESM Managing...
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
EU Adds More Pressure on Greece Ahead of Referendum; EFSF Statement
One day before Greeks vote in a referendum to accept or reject a bailout deal the EU has offered them, the European Financial Stability Facility issued a statement "reserving its rights to act upon Greece's default."
With the Greek Banks closed...
Economy
EFSF Not to Demand Immediate Repayment of Greek Loans
The European Financial Stability Facility (EFSF) announced on Friday that it will not demand immediate repayment of Greece's loans, while it reserved the right to do so in the future. The decision was made in the wake of Greece's failure to...
Economy
EFSF Threatens to Cancel Loan Contracts, Demands Immediate Repayment of Greek Loans
The European Financial Stability Facility (EFSF) said on Wednesday that it is considering action that includes "accelerating" its loans to Greece and demanding immediate repayment, in the wake of the country's failure to pay an International Monetary Fund (IMF) loan installment.
The full...
Greece
EFSF Announces End of Greek Bailout Programme; Greece on its Own
The European Financial Stability Facility (EFSF) just released a statement announcing the end of its financial assistance to Greece. After the end of the programme on Tuesday Greece will be on its own, amidst the worst financial crisis the...
Economy
EFSF Chief Regling: Greece Has Yet to Submit a Comprehensive Reform List
The Chief Executive Officer of the European Financial Stability Facility (EFSF) Klaus Regling said the Greek government has not yet submitted a comprehensive list of economic reforms as requested by the country's international lenders. In an interview with the...
Economy
Euro Working Group: 1.2 Bln Euros from EFSF Frozen
The Euro Working Group discussion on the Greek issue ended shortly after 2pm on Wednesday, March 25. The Eurozone officials decided that Greece had no claim to the 1.2 billion euros that the country requested from the European Financial...
Economy
Eurogroup Asks EFSF to Assist Greece's 1.2-Billion-Euro Claim
Eurogroup President Jeroen Dijsselbloem has requested from the Euro Working Group and the European Financial Stability Facility (EFSF) to examine Greece’s request for a 1.2-billion-euro refund, linked to previous funds it received in order to capitalize its banking system.
Athens...
Economy
Greece Seeking Return of 1.2 Billion Euros from EFSF, Gov't Sources Say
The government is seeking the return to the Greek state of 1.2 billion euros from the European Financial Stability Fund (EFSF) and, according to government sources, the money may possibly enter the Greek state's coffers in the coming days.
The...
Economy
Spanish FinMin and EFSF: Memoranda Not Over for Greece
A third bailout package for Greece amounting between 30 and 50 billion euros is currently being envisaged by the Eurozone member-states' Finance Ministers, according to Spanish Finance Minister Louis de Guindos.
As de Guindos highlighted, the terms of the third...
Economy
EFSF Extends Availability of Funds for Greece by Four Months
The availability of European Financial Stability Facility (EFSF) funds for Greece will be extended by four months, following a Friday decision by the facility's board of directors to amend the Master Financial Assistance Facility Agreement (MFFA) for the purpose.
Instead...
Economy
EFSF Approves Two-month Extension of Greece’s Bailout Program
Following a similar decision by the council of eurozone ministers, the board of the European Financial Stability Facility (EFSF) decided on Friday to grant Greece a two-month technical extension of its 2nd economic adjustment program financed by the fund.
Instead...
Economy
EFSF Clears 1 Billion Euros Loan Tranche to Greece
The Board of Directors of the European Financial Stability Facility (EFSF) approved on Wednesday the disbursement of a 1 billion euros loan tranche to Greece, "taking into account the implementation of a set of milestones agreed in April 2014". EFSF...
Economy
EFSF Approves 1 Billion Euro Disbursement to Greece
EFSF issued the following press release on Monday, announcing the disbursement of a 1 billion euro loan tranche to Greece:
"The Board of Directors of the European Financial Stability Facility (EFSF) approved on Monday the disbursement of 1 billion euros...