Greece
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European Financial Stability Facility

Regling: 'Not Enough Fiscal Space To Cancel Greece's Pension Cuts'

Klaus Regling, chief executive officer of the European Financial Stability Facility and Managing Director of the European Stability Mechanism (ESM), said in an interview on Tuesday that even though Greece will achieve a high primary surplus for 2018, this...

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...

Eurogroup: Greek Program Extension and Debt Restructuring Rejected

  Tuesday evening’s urgent Eurogroup teleconference resulted in the arrangement of another conference for Wednesday, July 1, at 11.30 am Central European Time. The meeting was scheduled after the Greek government submitted a request to the European Stability Mechanism for a two-year...

Austria has Earned More than €100 Mln in Interest from Greek Bailout

Austria has received 101.73 million euros in interest on loans given to Greece under the first Greek bailout program, according to figures released by the Austrian Finance Ministry, the country's press agency APA said on Tuesday. This is the amount...

EFSF Chief Regling: Greece Has Yet to Submit a Comprehensive Reform List

The Chief Executive Officer of the European Financial Stability Facility (EFSF) Klaus Regling said the Greek government has not yet submitted a comprehensive list of economic reforms as requested by the country's international lenders. In an interview with the...

New Democracy Tables Separate Examination Committee Proposal for 1981-2015 Period

The Greek Parliament voted the SYRIZA-led government's proposal for an examination committee looking into the circumstances surrounding the signing of the country's two memoranda with its international creditors. Out of the 300 Greek MPs, 156 voted in favor of establishing the...

Euro Working Group: 1.2 Bln Euros from EFSF Frozen

The Euro Working Group discussion on the Greek issue ended shortly after 2pm on Wednesday, March 25. The Eurozone officials decided that Greece had no claim to the 1.2 billion euros that the country requested from the European Financial...

Eurogroup Asks EFSF to Assist Greece's 1.2-Billion-Euro Claim

Eurogroup President Jeroen Dijsselbloem has requested from the Euro Working Group and the European Financial Stability Facility (EFSF) to examine Greece’s request for a 1.2-billion-euro refund, linked to previous funds it received in order to capitalize its banking system. Athens...

EWG Emergency Teleconference Tomorrow to Discuss Greek Reform Proposals

A few minutes ago, Greek government sources have confirmed leaked information regarding a possible Euro Working Group (EWG) emergency teleconference to be held tomorrow, which will examine the Greek reform proposals and the country’s future financial support. The information,...