European Financial Stability Facility
Economy
ESM Approves Transfer of €555 Mln from HFSF to Greek State
The European Stability Mechanism (ESM) approved on Tuesday the transfer of 555 million euros from the Hellenic Financial Stability Fund (HFSF) to the Greek State, sources said. The funds come from the dividend payments of preferential shares that banks received...
Economy
European Commission President: Premature to Talk About Third Greek Bailout
His belief that the time is not yet right to discuss a possible third bailout package for Greece expressed European Commission President Jean-Claude Juncker today, highlighting that the focus of the talks between Athens and its European loan partners...
Economy
Spanish FinMin and EFSF: Memoranda Not Over for Greece
A third bailout package for Greece amounting between 30 and 50 billion euros is currently being envisaged by the Eurozone member-states' Finance Ministers, according to Spanish Finance Minister Louis de Guindos.
As de Guindos highlighted, the terms of the third...
Economy
EFSF Extends Availability of Funds for Greece by Four Months
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...
Economy
Regling: Discussion on Greek Debt Relief Possible Only if Reforms Continue
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...
Economy
Troika's Technical Teams Return to Athens Tomorrow
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...
Economy
Eurogroup Decides Two-Month Extension of Greek Program, Presidential Election on December 17
On December 17, two months ahead of schedule, will finally be held the first ballot for the election of the new President of the Hellenic Republic, government spokeswoman Sophia Voultepsi announced earlier today.
According to Voultepsi's written announcement, Greek Prime...
Economy
Six-Month Extention in Greek Program Under Consideration, New Review Deadline on December 14
The possibility of extending Greece 's bailout program by six months, to mid 2015, is being considered by the Eurozone Finance Ministers, according to a document obtained by Reuters, while Athens insists it is only discussing an extension of a...
Economy
EFSF Clears 1 Billion Euros Loan Tranche to Greece
The Board of Directors of the European Financial Stability Facility (EFSF) approved on Wednesday the disbursement of a 1 billion euros loan tranche to Greece, "taking into account the implementation of a set of milestones agreed in April 2014". EFSF...
Economy
EFSF OK's 7.2B Euros For Greek Banks
Greece's beleaguered banks, brought into difficulty when a previous government imposed 74 percent losses on investors and bond holders to write down the country's staggering debt without paying them back in full, will be getting a 7.2 billion euro...