ESM

ESM on Greek Debt Relief: We Shall See After August 2018

Greece's lenders will be able to determine if Greece needs further debt relief only in the summer of next year, the head of Europe’s rescue fund (ESM), said on Thursday. Klaus Regling said that Greece does not have “a debt...

Eurozone Approves Disbursement of 800 Million Euros to Greece

The European Stability Mechanism (ESM) authorised on Thursday the release of 800 million euros to Greece for the clearance of arrears, during a meeting of its board. This is the remaining amount of the third tranche of ESM loan, approved...

European Stability Mechanism (ESM) to Decide Whether to Disburse Remaining 800 Million Euros to Greece on Oct. 26

The European Stability Mechanism (ESM) said on Monday its board will meet on October 26 to discuss whether to disburse the remaining 800 million euros of aid to Greece. The disbursement will depend on whether the state has made...

ESM Chief Regling: Greece Can Tap Markets in 10 Months, if it Implements Reforms

"Greece can exit the current aid programme in 10 months and be financed independently through the markets, if the government adheres to the agreed reforms to strengthen growth and employment," Klaus Regling, head of the European Stability Mechanism (ESM),...

ESM Chief Klaus Regling: Greece on the Right Track to Exit Bailout

The Greek government is on the right track, ESM Chief Klaus Regling said, reiterating the need to continue implementing the agreed actions. In a keynote speech titled "Germany, Greece, and the euro" delivered in Kassel, Germany on Saturday, Regling said...

Angela Merkel Appears Optimistic About Growth in Greece

German Chancellor Angela Merkel held a traditional summer news conference on Tuesday, just less than a month before Germany's Sept. 24 federal election, and appeared optimistic about Greece's path to economic growth. "Regarding the eurozone, we have very positive data....

Germany's Schaeuble Proposes ESM Use for Investments in Greece – With a Price

German Finance Minister Wolfgang Schaeuble is working on a proposal that would allow southern eurozone countries to tap into the single currency bloc's bailout fund to boost investments during recession, a German newspaper reports. If the unsourced report in the...

Greece will Successfully Complete Reforms, ESM's Regling Says

ESM managing director Klaus Regling said on Friday he is encouraged that the IMF executive board has now approved in principle an arrangement for Greece. "Arrangement should allow Greece to successfully complete reforms foreseen until the end of ESM and...

ESM Dispenses 7.7 Bln Bailout Tranche to Greece

The European Stability Mechanism (ESM) announced the actual disbursement of the next loan tranche to Greece which took place on Monday, as scheduled. #ESM executed 1st disbursement of €7.7 bn under the 3rd tranche, money arrived in #Greece, press release...

ESM Approves 8.5Bln Euro Tranche to Greece

The Board of Directors of the European Stability Mechanism (ESM) today approved the third tranche of €8.5 billion of ESM financial assistance to Greece. This follows the approval of the Supplemental Memorandum of Understanding by the ESM Board of Governors...