Greece
Calamos Supports GreeceCalamos Supports Greece

European Stability Mechanism

ESM Chief: Greece Must Consult with Creditors First Before Changes in Policy

"If Greece changes its policy, it must first discuss it with the European institutions. They have not yet relaxed 100 percent," European Stability Mechanism Managing Director Klaus Regling said. The EU official spoke to Dutch newspaper De Telegraaf and was...

First Half of 2015 Cost Greece €86-200 Bln, says ESM Chief Regling

Greece not only interrupted but also reversed reforms in the first half of 2015, resulting in a cost to the economy between € 86 and 200 billion, head of the European Stability Mechanism Κlaus Regling told Kathimerini newspaper. The EU...

Eurozone's ESM Postpones €1B Loan Tranche to Greece

A report claiming Athens has not made enough progress in clearing debt arrears is being blamed for a eurozone decision to suspend a €1 billion ($1.1 billion) loan to Greece. The board of the European Stability Mechanism (ESM) decided on Friday...

Debt Repayment Feasible if Greece 'Implements Reforms'

"If the government in Athens implements all the remaining reforms decisively, Greece can successfully emerge from the ESM program in August 2018," Klaus Regling, president of the European Stability Mechanism, has said. The ESM chief spoke at en event held...

ESM Chief: Greece Will be Supervised After Bailout

Greece will be under creditors' supervision after the end of the bailout program, as is the norm, Chairman of the European Stability Mechanism Klaus Regling said on Tuesday. Speaking on SKAI television, the EU official said: "Greece will be under...

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...

ESM Chief: Greece Lost €100Bln in 2015 Negotiation Failure

The failed negotiations and mishandlings on the part of the Greek government in the first six months of 2015 cost the economy 100 billion euros, European Stability Mechanism Klaus Regling said. In an interview with Skai television on Thursday, the...

ESM Chief Criticizes Greek Ministers for Questioning Privatizations

European Stability Mechanism President Klaus Regling on Monday criticized Greek ministers for questioning agreed measures and privatizations, thus sending a negative message to international markets. In an interview with Greek public television (ERT), Regling praised Greek Finance Minister Euclid Tsakalotos...

ESM President: Greece woud have been Out of the Crisis if the 2015 Mistakes were Avoided

Greece would have been out of the crisis and standing on its feet by now if the 2015 mistakes weren't made, said President of the European Stability Mechanism Klaus Regling. The ESM chief spoke to Bild newspaper saying that even...

Greek State Debt went up to €326.5 Bln

Greece's central government debt went up in 2017, from 326,258 billion euros in December to 326,528 billion in March, according to data released on Friday by the Public Debt Management Agency. The Greek government cash reserves stood at 2,908 billion euros...