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EFSF

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 the country financially, noting that 2018 was a landmark year for the country, mostly due...

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, the European Stability Mechanism said in a press release. The EFSF will reimburse the 103-million-euro step-up...

ESM and EFSF Unblock Short-Term Debt Relief Measures for Greece

The boards of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) have approved the unblocking of short-term debt relief measures for Greece, the ESM announced on Monday. In a statement after the board meetings, ESM Managing...

Eurozone Sources Evaluate Positively FinMin Tsakalotos' Letter

Eurozone sources said on Wednesday they evaluated positively Greek Finance Minister Euclid Tsakalotos' letter to the president of Eurogroup Jeroen Dijsselbloem and to ESM chief Klaus Regling. The same sources reminded that what is pending is the boards and the...

ESM Looking at Loan Duration Adjustments for Greece

ESM and EFSF General Secretary Kalin Anev Janse spoke to German newspaper Boersen Zeitung. In the interview he said that he had been asked to look at long-term and short-term reforms to Greece. He said, however, that no announcements...

ESM Announces Release of 7.5 Bln Euros for Greece

The European Stability Mechanism (ESM) has disbursed the 7.5-billion-euro installment of its loan to Greece, the body announced on its Twitter account on Tuesday afternoon. “ESM just disbursed € 7.5 billion to Greece. ESM disbursement of € 7.5 billion will...

European Central Bank Gives Breath of Liquidity to Greek Banks

The European Central Bank gave a breath of liquidity to Greek banks after Thursday's decision to include them in its quantitative easing program and the purchase of EFSF bonds. The decision constitutes an indirect capital boost, from which banks can...

EU Adds More Pressure on Greece Ahead of Referendum; EFSF Statement

  One day before Greeks vote in a referendum to accept or reject a bailout deal the EU has offered them, the European Financial Stability Facility issued a statement "reserving its rights to act upon Greece's default." With the Greek Banks closed...

EFSF Not to Demand Immediate Repayment of Greek Loans

The European Financial Stability Facility (EFSF) announced on Friday that it will not demand immediate repayment of Greece's loans, while it reserved the right to do so in the future. The decision was made in the wake of Greece's failure to...

EFSF Threatens to Cancel Loan Contracts, Demands Immediate Repayment of Greek Loans

The European Financial Stability Facility (EFSF) said on Wednesday that it is considering action that includes "accelerating" its loans to Greece and demanding immediate repayment, in the wake of the country's failure to pay an International Monetary Fund (IMF) loan installment. The full...