European Stability Mechanism
Economy
Eurogroup Chief Tells EP that ESM Will Approve 7.5-Bln-Euro Bailout Tranche for Greece
Eurogroup Chief Jeroen Dijsselbloem, speaking at the economic and monetary committee of the European Parliament, on Tuesday said he believed that the European Stability Mechanism would approve the disbursement of the 7.5-billion-euro loan tranche as Greece has met all...
Economy
ESM President: Tranche to Greece Might be Disbursed in Thursday's Eurogroup
The disbursement of the next bailout tranche to Greece might be approved as early as during Thursday's meeting of euro zone finance ministers in Luxembourg.
The statement was made by President of the European Stability Mechanism Klaus Regling on Euronews...
Economy
German Lawmakers Vote in Favor of Paying the Next Portion of Rescue Funds to Greece
This Friday German Parliament's budget committee voted in favor of paying the next portion of aid due to reach Greece as a part of the European Stability Mechanism (ESM) rescue fund.
According to the conservative budget expert Eckhardt Rehberg there was no objection in unlocking the 10.3 billion euros in credit, Reuters reported.
Furthermore,...
Economy
Germany will Recommend Release of Loan Tranche to Greece
Germany will recommend that the European Stability Mechanism rescue fund releases the next loan tranche to Greece, according to a Reuters report.
Reuters says that on Wednesday it has seen a letter by German Deputy Finance Minister Jens Spahn sent...
Economy
Greece Resolves Final Details for Loan Tranche Disbursement
Greece is to close all the bailout program pending issues on Tuesday, after, on Monday, Creditors gave Greece 24 hours to complete prerequisites in order to give the green light for the disbursement of the next loan tranche.
If the...
Economy
ESM Has Favourable Lending Rates For Countries Like Greece
The European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have the current low interest rates with some long-term bond issues in recent month's bonds, in favour of Greece, the ESM’s Secretary General Kalin Anev Janse said...
Economy
EC Prepares Supplemental Memorandum for Greece to Pave Way for 7.5 Bln Euros
An addendum to the current bailout terms is being prepared so that Greece can receive the first installment of the second tranche in June. The supplemental Memorandum of Understanding, agreed to by the European Stability Mechanism (ESM), will pave...
Economy
Creditors Return to Greece Bringing Measures Worth €8 Bln
The mission chiefs of the European Commission, European Central Bank, European Stability Mechanism and International Monetary Fund returned to Athens on Tuesday to continue talks on the bailout review.
As Finance Minister Euclid Tsakalotos has said while in Washington for...
Economy
Greece-Lenders Talks Continue Until Last Minute
Greece and its international lenders did not come to an initial agreement after 10 hours of talks that concluded early Monday morning. Negotiations will resume at 3:00 in the afternoon.
The two sides are close to a compromise on several...
Economy
Greece Rushes to Complete Bailout Program Review by Sunday
Greece's Finance Minister Euclid Tsakalotos is rushing to complete the bailout program review by Sunday in order to reach an agreement he can present at the April 22 Eurogroup.
The negotiations are ongoing and there are still several issues pending,...