European Stability Mechanism

  The Eurozone’s nineteen Finance Ministers held a teleconference on Wednesday to discuss Greece’s request for a two-year deal with the European Stability Mechanism (ESM) and decided to not take further action on the matter until after Sunday’s referendum. Eurogroup President Jeroen Disselbloem said...

  Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time. The meeting was scheduled after the Greek government submitted a request to the European Stability Mechanism for a two-year...

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...

Greece is facing an ultimatum by creditors and Prime Minister Alexis Tsipras is racing with time as a Eurogroup session is scheduled at 2:00 pm and the two negotiating teams must have reached a staff level agreement by then. Wednesday...

The European Commission (EC) has confirmed it has received a new reform proposal from Greece, which could finally unlock bailout money for the embattled nation. Reuters said officials from the EC had confirmed receipt of the document, which is thought...

Greek Finance Minister Yanis Varoufakis outlined a plan that he said will allow Greece to return to market borrowing, in an interview to Greek newspaper "Avghi." Among others, the plan called for the issue of a low-interest, 30-year loan...

Greek Prime Minister Alexis Tsipras should not let the sacrifices of Greek people go to waste after all the painful reforms, said Klaus Regling, head of the European Stability Mechanism (ESM). Regling talked to German tabloid Bild on Tuesday regarding...

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 model of Cyprus might be the best solution for Greece in order to force the government's implementation of the structural reforms it has already agreed to with the country’s creditors. This is what the German magazine Der Spiegel...

The European Stability Mechanism (ESM) approved on Tuesday the transfer of 555 million euros from the Hellenic Financial Stability Fund (HFSF) to the Greek State, sources said. The funds come from the dividend payments of preferential shares that banks received...