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New Book Reveals How Grexit Was About to Become Reality in 2015

A new book published on Thursday about the history of the European Stability Mechanism (ESM) reveals new details of how Greece's exit from the...

ESM Lauds Greek Economy’s Achievements, Warns About Future Measures

The European Stability Mechanism (ESM) published its annual report for the year 2018 on Thursday. The European Institution praised Greece for its recent efforts strengthen...

Greece Challenges Creditors as PM Tsipras Vows to Lower Surplus Targets

Greece's European creditors reminded the Greek government of Alexis Tsipras that it has agreed to a primary surplus of 3.5 percent from 2020 to...

Billion-Euro Debt Relief Measures Approved for Greece

The Board of Directors of the European Financial Stability Facility (EFSF) approved on Thursday debt relief measures for Greece totaling almost one billion euros,...

Greece Formally Requests Early Repayment of Expensive IMF Loans

The Greek Finance Ministry sent to the European Stability Mechanism (ESM) on Monday evening the government's proposal for the repayment of part of the...

Germany Opposes Greek Plans to Repay IMF Loans Early, Report Says

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the...

Regling: ‘Not Enough Fiscal Space To Cancel Greece’s Pension Cuts’

Klaus Regling, chief executive officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism (ESM), said in an interview...

Greece Exits Final Bailout ‘Successfully’ (video)

Greece officially concludes its third bailout program with a successful exit, the euro zone’s ESM rescue fund said on Monday. “Today we can safely conclude the...

ESM Releases Last Bailout Tranche to Greece Worth €15B

Greece on Monday received a fifth and final multi-billion-euro payment ahead of the country's exit from its economic bailout scheduled for Aug. 20. The European Stability...

Final Loan Installment to Greece ‘in the Coming Days’

The European Stability Mechanism (ESM) said in a press release on Thursday that Greece's fifth and final loan installment from its adjustment program will...

ESM Releases €1B to Greece After Reform Bill is Passed

A week before a crunch eurozone meeting for Greece, and on the same day Greek lawmakers passed a raft of economic reforms -- the...

House Multi-Bill Guarantees €25 Bln to ESM for Greece’s Loans

Greek Finance Minister Euclid Tsakalotos (right) with ESM President Klaus Regling A clause by which the Greek State guarantees €25 billion for loans received by...

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