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ESM

EU Sources: Loan Tranche for Greece to be Approved on Friday

Officials in Brussels and Athens are confident that the Governing Body of the European Stability Mechanism (ESM) meeting on Friday will approve the disbursement of the 7.7 billion euro installment to Greece. Reports from Brussels suggest that the ESM will...

Greece’s Tsakalotos Certain of Disbursement Loan Tranche

Greek Finance Minister Euclid Tsakalotos expressed his confidence that the ESM will approve the disbursement of a loan tranche to Greece on Friday. Speaking to reporters, after a teleconference held by the European Stability Mechanism in which he participated, Tsakalotos...

Six Prerequisites Pending Before Greece Gets €7.7 Bln Loan Tranche

Greece needs to legislate six prerequisites that remain pending before the next loan tranche of 7.7 billion euros is disbursed, a Real.gr report says. The Greek government has six days to close the issues pending before the July 10 meeting...

ESM Chief Regling Sees Possible Return to Markets for Greece Within 2017

Greece should be able to go back to the markets late this year or early next year, provided it keeps up with the implementation of agreed reforms, European Stability Mechanism (ESM) head Klaus Regling said on Thursday. He was...

IMF Managing Director Christine Lagarde to Propose Approval in Principle of New Arrangement for Greece

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement on Greece in Luxembourg today: “I would like to announce my intention to propose to the IMF’s Executive Board the approval in principle (AIP) of...

Creditors to Disburse Loan Tranche to Greece, But No Debt Relief Discussion

Greece's European creditors and the International Monetary Fund are to disburse the next loan tranche to Greece but the debt relief issue will not be discussed in the June 15 Eurogroup, according to a Real.gr report. The report says that...

ESM: Greece will Not Need Debt Relief if it Reaches 3% Primary Surpluses for 20 Years

Greece will not need any debt relief from the euro zone if it keeps achieving a primary surplus of above 3% of GDP for 20 years, according to the European Stability Mechanism, Reuters said. Reuters cites a confidential document prepared...

German FinMin: No Greek Debt Cut at Present Time

"At the present time, Germany will not accept any Greek debt reduction," said a spokesperson for German Finance Minister Wolfgang Schaeuble, speaking to Bild. The German official also told the German newspaper that Berlin will not accept extending the debt...

Fitch: Greece’s Preliminary Deal With Creditors Is Positive Step for Unlocking Aid

The preliminary agreement between Greece and its international creditors is a positive step towards unlocking funds that will enable the country to meet its July debt maturities, Fitch Ratings said in a press release on Thursday. It is also...

Germany Says No Debt Relief for Greece Before Reforms are Implemented

The German Finance Ministry on Thursday said that no debt relief measures are being prepared for Greece, in answer to a report by Handelsblatt business daily, Reuters says. The German newspaper reported that Greece's creditors (the European Stability Mechanism, European...