European Stability Mechanism
Economy
ESM Approves €100 Million Disbursement to Cyprus
The Board of Directors of the European Stability Mechanism (ESM) approved on December 18 the disbursement of €100 million to Cyprus.
This follows the approval of the updated Memorandum of Understanding (MoU) by the ESM Board of Governors and a...
Economy
ESM’s Regling Sees Another Greek Bailout
After Greece gets the rest of its second bailout of $173 billion - having spent a first for $152 billion without making a dent in its debt - the government is likely to need a third, if smaller bailout,...
Economy
Samaras Says Cash Running Out, Aid Needed Now
Greece will run out of money in mid-November and needs to receive a delayed $38.8 billion installment from its bailout package as soon as possible, Greek Prime Minister Antonis Samaras said on Oct. 19.
“On the 16th of November the...