Calamos Supports Greece

European Stability Mechanism

ESM Chief K. Regling: Greece Can Return to Borrowing from Markets as of Next Year

Greece will be able to start issuing bonds and borrowing from the markets soon, possibly by next year, European Stability Mechanism Managing Director Klaus Regling said in an interview with the Slovakia's "Hospodárske noviny" newspaper published on Friday. According to...

ESM Chief Puts Greece's Hopes on Low Primary Surpluses on Hold

European Stability Mechanism President Klaus Regling sent a clear message to Greece that it should not expect lower primary surplus targets than those set by creditors. Athens has been trying to convince its lenders that the targeted 3.5% primary surplus...

Regling: In Coming Weeks ESM will Present Proposals for Short-term Debt Relief for Greece

European Stability Mechanism (ESM) will present in the coming weeks its proposals on short-term debt relief for Greece, its managing director Klaus Regling said on Thursday in an interview with French newspaper Les Echos. Regling described the three short-term measures:...

Greece Is Protected from Brexit Repercussions, Euro Zone Chief says

Greece is the most protected European country from possible Brexit repercussions because it is covered by European money and a European program, said Eurogroup chief Jeroen Dijsselbloem. The Dutch finance minister spoke to Greek journalists in Hague. "What is necessary is...

ESM Chief: Varoufakis' Term Cost Greece €100 Bln

The Yanis Varoufakis period cost the Greek economy about 100 billion euros, said the President of the European Stability Mechanism, Klaus Regling on Wednesday. The euro zone rescue fund managing director gave an interview on Skai television during his visit...

ESM President Urges Greece to Take Ownership of Required Reforms

Greece needs to take ownership of the bailout program because delays of the progress review took a toll on the country's economy, said European Stability Mechanism President Klaus Regling. The ESM chief spoke during an Economist conference in Athens on...

ESM Announces Release of 7.5 Bln Euros for Greece

The European Stability Mechanism (ESM) has disbursed the 7.5-billion-euro installment of its loan to Greece, the body announced on its Twitter account on Tuesday afternoon. “ESM just disbursed € 7.5 billion to Greece. ESM disbursement of € 7.5 billion will...

ESM Head Assures Greece of Financial Support, Provided Obligations are Met

The European Stability Mechanism will continue to support Greece as long as the country fulfills its obligations, said the president of European Union's rescue fund, Klaus Regling. Regling made the statement after meeting with Greek Finance Minister Euclid Tsakalotos in...

ESM’s Regling and Commission Chief Juncker Visit Athens on Tuesday for a Series of Meetings

Tuesday morning the European Stability Mechanism (ESM) chief Klaus Regling is due to visit Athens and meet with Greek Finance Minister Euclid Tsakalotos. Tsakalotos and Regling are expected hold a conference following their meeting. Last Friday the ESM approved the release of...

ESM Loan Tranche Officially Approved for Greece

The European Stability Mechanism approved on Friday the disbursement of a 7.5 billion euro loan tranche to Greece, according to a statement posted on Twitter. "After today’s #ESM Board of Directors decision the #ESM will disburse the €7.5 bn to #Greece early next...