Greece

Klaus Regling

EFSF Approves 1 Billion Euro Disbursement to Greece

EFSF issued the following press release on Monday, announcing the disbursement of a 1 billion euro loan tranche to Greece: "The Board of Directors of the European Financial Stability Facility (EFSF) approved on Monday the disbursement of 1 billion euros...

Bank Battle Hangs Up Troika Deal

The biggest stumbling block for Greece in its long-stalled negotiations with international lenders is how much more money already-recapitalized state banks are going to need. That's hanging up a deal that's blocking release of a pending nine billion euro ($12.46...

Klaus Regling: Eurozone Banks in Good Shape Before Stress Test

Spain, Portugal, Cyprus, Greece and Ireland's banks are in good shape and there will not be any surprises in European Central Bank stress tests due later in 2014, the head of the European Stability Mechanism (ESM) Klaus Regling said...

ESM Chief: No Greek Debt Cut

While Greek Prime Minister Antonis Samaras said Greece's battered economy will begin to recover this year - and with even a possible return to the markets - the government's hope for reducing its debt by not paying back in...

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,...

Regling: Troika Should Be Broken Up Eventually

Klaus Regling, the head of the euro zone΄s bail out funds, has lashed out at the International Monetary Fund (IMF), saying it made a mockery of Europe΄s budget rules and should not play a role in the longer term...

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...

EFSF’s Regling Says Greece Needs Time

With two bailouts and three years of austerity measures failing to right Greece's faltering economy, Klaus Regling, Chief Executive officer of the European Financial Stability Facility (EFSF) says the country will need more time before reforms work but he...

CEO of EFSF Warns Standard of Living Will Fall for Greece

According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association that the IMF/EU bailout programme may have bore fruits for Ireland and Portugal in terms...