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EFSF Bailout Fund Approves Greek Emergency Payment

Euro zone governments kept Greece afloat on Wednesday after agreeing on a payment of 5.2 billion euros from the region's bailout fund, despite opposition...

Greek Recapitalization Fund to Get 25 Billion Euro EFSF Bonds

Greece΄s bank support fund will receive 25 billion euros today worth of bonds from the European Union to be used to recapitalize the country΄s...

Power Games Regarding Greek PSI and EFSF Role

The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the...

EU: Expanding EFSF Won΄t Allow Greek Debt Restructuring

The expansion of the euro zone΄s sovereign debt fund won΄t allow a further restructuring of Greek debt, a European Commission spokesman said Monday. There are...

Greek Parliament Approves EFSF In Preliminary Vote

Greece΄s parliament approved legislation implementing Europe΄s enhanced temporary bailout fund in a preliminary vote Wednesday. The legislation was approved in principle by a vote of...

CEO of EFSF Warns Standard of Living Will Fall for Greece

According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association...

Greek FM: Greece May Tap EFSF In 2012

Greek Finance Minister Giorgos Papaconstantinou said on Tuesday that Greece may resort to the Eurozone’s rescue fund (EFSF) in 2012 if the cost of...

Greece To Resort To EFSF In 2012

Eurozone Finance Ministers will discuss later on Monday the fine print of a deal covering the Eurozone΄s bailout funds. European Summit decided on Saturday to...