Greece
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Klaus Regling

ESM Chief Says Greece May Need Less Credit than Expected

The head of the eurozone's European Stability Mechanism (ESM) bailout fund told a German newspaper that Greece was making good progress with its reform drive and it may not need as much credit as previously planned. "We are pleased that...

ESM on Greek Debt Relief: We Shall See After August 2018

Greece's lenders will be able to determine if Greece needs further debt relief only in the summer of next year, the head of Europe’s rescue fund (ESM), said on Thursday. Klaus Regling said that Greece does not have “a debt...

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 Regling: Greece Can Tap Markets in 10 Months, if it Implements Reforms

"Greece can exit the current aid programme in 10 months and be financed independently through the markets, if the government adheres to the agreed reforms to strengthen growth and employment," Klaus Regling, head of the European Stability Mechanism (ESM),...

ESM Chief Klaus Regling: Greece on the Right Track to Exit Bailout

The Greek government is on the right track, ESM Chief Klaus Regling said, reiterating the need to continue implementing the agreed actions. In a keynote speech titled "Germany, Greece, and the euro" delivered in Kassel, Germany on Saturday, Regling said...

Greece's Return to Markets Met with Cautious Remarks from International Press

Greece's return to tapping the international bond markets for the first time since 2014 is met with mixed remarks from the international press. In its electronic version, German magazine Spiegel reports on Greece's test run on markets as follows: "Return...

Greece will Successfully Complete Reforms, ESM's Regling Says

ESM managing director Klaus Regling said on Friday he is encouraged that the IMF executive board has now approved in principle an arrangement for Greece. "Arrangement should allow Greece to successfully complete reforms foreseen until the end of ESM and...

ESM Dispenses 7.7 Bln Bailout Tranche to Greece

The European Stability Mechanism (ESM) announced the actual disbursement of the next loan tranche to Greece which took place on Monday, as scheduled. #ESM executed 1st disbursement of €7.7 bn under the 3rd tranche, money arrived in #Greece, press release...

ESM Approves 8.5Bln Euro Tranche to Greece

The Board of Directors of the European Stability Mechanism (ESM) today approved the third tranche of €8.5 billion of ESM financial assistance to Greece. This follows the approval of the Supplemental Memorandum of Understanding by the ESM Board of Governors...

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...