ESM: Greece should continue reforms to become 'success story'

The full statement from the European Stability Mechanism announcing Greece's exit from the bailout program:

Greece officially concludes its three-year ESM financial assistance program today with a successful exit. This follows the disbursement of 61.9 billion euros by the ESM over three years in support of macroeconomic adjustment and bank recapitalisation in Greece. The remaining 24.1 billion euros available under the maximum 86 billion euro program volume was not needed.

ESM Members agreed the financial assistance package in August 2015. Greece had also received 141.8 billion euro in loans from the EFSF between 2012 and 2015. The total amount disbursed by both rescue funds is 203.77 billion euros, which is unprecedented in modern history, as is the long maturity of the loans (currently over 30 years on average) and very favourable interest rates. From 2010 to 2012,...