European Stability Mechanism

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...

In March, the Greek government will have to overcome a great obstacle in paying the scheduled installments to the International Monetary Fund (IMF). While Greek ministers were thinking of postponing the repayment installments, it appears extremely unlikely that the...

European finance ministers consider that if Greece and Cyprus exit from the common currency bloc, the risk for Europe would be manageable, according to Spiegel magazine. The German magazine reporter claims sources that revealed off-the-record discussions of European finance ministers...

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...

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...

Greece has the ability to use the remaining 11.5 billion euros from its bank rescue fund as a preventive support line when it exits its European Union / International Monetary Fund (IMF) bailout program, Bank of Greece (BoG) Governor Yannis...

The European banking sector review expected this coming Sunday, October 26, will clarify Greece's funding needs, said European Stability Mechanism (ESM) head Klaus Regling earlier today. Regling also stressed that the Eurozone should keep the funds it is allocating for crisis...

"It is premature to talk about a Greek exit from the Memorandum, as we should first conclude the fifth review of its economic development in November, and then in December we can discuss about what is going to happen...

European Stability Mechanism (ESM) Managing Director Klaus Regling stated to Greek newspaper "Realnews" that Greece’s international lenders are “not in the mood” to consider a debt haircut. "There is no political mood in the EU or the IMF for a Greek...

Greece's recovery is not sustainable without new loans, Bank of Greece (BoG) governor Yannis Stournaras said on Thursday. Speaking at a BoG event, Stournaras underlined that Greece's recovery has not relied on bank lending so far, which was practically non-existent....