Greece

The European Stability Mechanism (ESM) on Monday approved an early partial repayment of Greece's outstanding loans to the International Monetary Fund (IMF). At the same time it will waive Greece's obligation to simultaneously repay the same proportion of outstanding loans...

The European Stability Mechanism (ESM) said on Monday its board will meet on October 26 to discuss whether to disburse the remaining 800 million euros of aid to Greece. The disbursement will depend on whether the state has made...

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 Union is examining ways to make Greece's debt more sustainable. Regling told Reuters that Greece must...

With the current bailout package expiring at midnight Central European Time, the office of the Prime Minister of Greece announced on Tuesday afternoon that the Greek government has submitted a proposal to the European Stability Mechanism for a two-year deal. "The Greek government...

German economist and head of the European Stability Mechanism Klaus Regling noted that “time is running out for Greece to reach an agreement with its lenders and there will be no further funds for Athens without it,” during an...

The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country. Poul Thomsen, the IMF director...

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 from the ECB in Greece's bailout programme. "The ESM might turn into a 'European Monetary Fund',...

Greece has exceeded its primary surplus targets so we have a basis for the conclusion of the review of the Greek programme, said European Commission Vice President Valdis Dombrovskis. At a press conference on Wednesday in Brussels, Dombrovskis noted...

The European institutions and the International Monetary Fund (IMF) are working within the framework of the agreements and commitments set out in the European Stability Mechanism (ESM) charter, Annika Breidthardt repeated on Monday. The IMF had recently reaffirmed its intention...

European Commissioner Pierre Moscovici said that Athens has the main responsibility for the completion of the second review of the bailout program. Negotiations between Greece and creditors resumed on Monday after summer recess. The Greek government has yet to complete...

The Greek economy will remain in recession in the first half of 2016, but slight growth is expected for the second half, while unemployment will be at 24.7 percent, says the European Commission spring report on European Economy. According to...

The European Commission, the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Stability Mechanism (ESM) released a joint statement on Thursday on the Greek program and debt sustainability: "The institutions and the Greek authorities have made important...

The European Central Bank is in line with the International Monetary Fund on the need for deep reforms in Greece, ECB executive board member Benoit Coeure said on Tuesday. "We fully agree with the IMF on the need for a...

Greece's European creditors are trying to work out a solution for the evaluation of the bailout program amid disagreements with the International Monetary Fund. The European institutions -- The European Commission, European Stability Mechanism and European Central Bank -- are...

The new bailout program for Greece continues to divide the country’s international creditors as the International Monetary Fund (IMF) refuses to go along with the reform guidelines proposed by Athens and EU officials. The position of the IMF is that...