ESM
North Macedonia Declares ‘State of Crisis’ Over Energy
North Macedonia on Tuesday declared a "state of crisis" over energy for the next 30 days, empowering the state to intervene financially to help the two state-owned joint stock power companies, ESM and MEPSO, import more electricity from abroad.
ESM appoints Paolo Fioretti as new mission chief for Greece
The European Stability Mechanism (ESM) has appointed Paolo Fioretti as mission chief for Greece, replacing Nicola Giammarioli who held the post since 2015, the ESM said in a statement.
ESM greenlights Greece's request to repay expensive chunk of IMF loan
The boards of the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) agreed on Monday to allow Greece to repay earlier a part of its expensive loan to the International Monetary Fund (IMF), without paying an equal amount to the two organizations.
Tsakalotos: If Regling were my student I would fail him
Greek Finance Minister Euclid Tsakalotos has slammed ESM Managing Director Klaus Regling after the latter said that the tactics of former finance minister Yannis Varoufakis cost Greece 100 billion euros.
In an interview with Open TV late Thursday, Tsakalotos denounced Regling's allegations as groundless, adding that if he were his student, he would fail him.
ESM: Greece exits final bailout successfully
Greece has successfully exited its final, three-year bailout program, agreed in August 2015 to help it cope with the continued fallout from a debt crisis, the eurozone's European Stability Mechanism rescue fund said on Monday.
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Eurozone rescue fund pays final bailout loan to Greece
A eurozone rescue fund says it has paid its final 15 billion-euro bailout loan to Greece, after objections by Germany delayed the payment a few weeks.
The European Stability Mechanism (ESM) said Monday that 9.5 billion euros of it would be used to build up a cash buffer to help Greece meet its financial needs for almost two years.
ESM urges Greece to act fast on reforms to get new bailout loans in June
The European Stability Mechanism is ready to prepare the payout of vital bailout loans in June for crisis-hit Greece, but the country needs to "act swiftly" on bailout reforms, ESM Chief Economist Rolf Strauch said on Wednesday.
1.9 billion from tax free threshold in 2019 if targets not met: Eurogroup head
The head of the EuroGroup, Jeroen Dijsselbloem disclosed the content of the April 7 Malta EuroGroup agreement between Greece and its creditors. In a letter he sent to the EuroGroup members Mr. Dijsselbloem presented the results of the Malta meeting. With regards to Greece the official meeting covers the following:
4. Greece – State of play
Handelsblatt: Schäuble agrees with ESM proposal regarding Greek debt
The German Ministry is in agreement, at least in principle, with the ESM’s proposal regarding the restructuring of Greece’s debt, according to an article in Handelsblatt.
Tsakalotos: As far as I know, the conference on Greece’s debt will take place
Finance minister Euclid Tsakalotos claimed to be unaware of reports that the mini Eurogroup meeting to discuss the Greek debt, without Greece’s presence, will be cancelled.