ESM

The availability of European Financial Stability Facility (EFSF) funds for Greece will be extended by four months, following a Friday decision by the facility's board of directors to amend the Master Financial Assistance Facility Agreement (MFFA) for the purpose. Instead...

In an interview with Portuguese newspaper "Diario Economico," European Stability Mechanism (ESM) Managing Director Klaus Regling left the possibility open that a discussion on further debt relief for Greece might begin, provided the country continued the reforms and measures...

"Higher uncertainty seems to exist in Greece in comparison with Spain, Portugal and Ireland, where governments have changed but the adjustment program continued with small changes. Governments supported the overall direction and therefore the markets were appeased," stated...

The return of the Troika's technical teams in Athens tomorrow, along with Eurogroup's decision for a two-month technical extension of the Greek program, announced at 7:30pm local Greek time from Brussels Eurogroup President Jeroen Dijssebloem and European Commissioner for Economic...

Greece has the ability to use the remaining 11.5 billion euros from its bank rescue fund as a preventive support line when it exits its European Union / International Monetary Fund (IMF) bailout program, Bank of Greece (BoG) Governor Yannis...

The European banking sector review expected this coming Sunday, October 26, will clarify Greece's funding needs, said European Stability Mechanism (ESM) head Klaus Regling earlier today. Regling also stressed that the Eurozone should keep the funds it is allocating for crisis...

"It is premature to talk about a Greek exit from the Memorandum, as we should first conclude the fifth review of its economic development in November, and then in December we can discuss about what is going to happen...

European Stability Mechanism (ESM) Managing Director Klaus Regling stated to Greek newspaper "Realnews" that Greece’s international lenders are “not in the mood” to consider a debt haircut. "There is no political mood in the EU or the IMF for a Greek...

Portugal and Greece have money set aside to recapitalize their banks if the European Central Bank (ECB) uncovers problems during its asset-quality review and stress test, European Stability Mechanism (ESM) chief Klaus Regling said, according to Bloomberg news agency. The...

Greece's recovery is not sustainable without new loans, Bank of Greece (BoG) governor Yannis Stournaras said on Thursday. Speaking at a BoG event, Stournaras underlined that Greece's recovery has not relied on bank lending so far, which was practically non-existent....