The European Stability Mechanism (ESM)
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Greece plans early IMF payment
Greece may be saddled with heavy debt, but a lot of it involves loans provided on very favorable terms. Moreover, the continuing sharp decline in bond yields makes further borrowing an attractive proposition.
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Regling says tax-free threshold may not be lowered, primary surplus drop uncertain
The head of the European Stability Mechanism (ESM), Klaus Regling, has left open the prospect of Greece not lowering its tax-free threshold as it agreed to with creditors, but Regling also signaled that the incoming Greek government's aim of lowering of primary surplus targets is at the moment hardly a sure thing.
President Iohannis reconfirms in Brussels Romania's firm support for the Eastern Partnership
President Klaus Iohannis participated on Thursday and Friday in the meeting of the European Council in Brussels, context in which he presented the results of the Romanian Presidency at the EU Council and reconfirmed Romania's firm support for the Eastern Partnership.
ESM issues stern warning to Greek government
The European Stability Mechanism (ESM), Greece's chief creditor, in a regular report on the Greek economy has warned Athens to fully implement all reforms agreed to in the bailout memorandums, including a 3.5 percent of GDP primary surplus until 2022.
The report coincides with the Bank of Greece's announcement that it projects a 2.9 percent primary surplus for 2019.
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ESM urges Greece to stay on path, boost growth-oriented policies
Greece has made big progress in restoring sustainability to its public finances, strengthening the banking sector's resilience, and improving the economy's competitiveness last year but it needs to remain on track and adopt more growth-oriented policies, the European Stability Mechanism (ESM) said in its annual country report on Thursday.
Moody's: Greece's early repayment of IMF loans is credit positive
Greece's early repayment of loans from the International Monetary Fund will improve its credit outlook, since it will cut spending on interest and lengthen its debt-maturity profile, the ratings agency Moody's said on Thursday.
EuroWorking Group green lights early repayment of Greece's IMF loans
Representatives of eurozone member-states in the EuroWorking Group (EWG) on Thursday have approved Greece's request to repay earlier a portion of the bailout loans it has received from the International Monetary Fund (IMF), according to Greek finance ministry sources.
The government had sent the proposal to the EWG and the European Stability Mechanism (ESM) last week.
EFSF/ESM approve debt relief measures for Greece of almost 1 bln euros
The Board of Directors of the European Financial Stability Facility (EFSF) approved on Thursday debt relief measures for Greece totalling almost one billion euros, the European Stability Mechanism (ESM) said in a press release.
Greece submitted request for early IMF loan repayment
Greece submitted an official request to the eurozone bailout fund on Monday, seeking its consent for the early repayment of loans owed to the International Monetary Fund (IMF), a Greek finance ministry official said.
The Greek government sent a request to the European Stability Mechanism (ESM) for the repayment of part of its IMF loans, the official said.
Greece gains economic ‘freedom’ by repaying IMF loans earlier, PM says
Repaying earlier expensive International Monetary Fund loans is a significant step for Greece which will create favorable conditions for its economy, Prime Minister Alexis Tsipras on Monday, promising more relief measures.
"We are gaining points of [economic] freedom," Tsipras said during an interview with Greece's Antenna television.