The European Stability Mechanism (ESM)
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Regling says Greece will remain linked to ESM
Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling.
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Varoufakis 'set Greece back years,' says ESM official
In 2014, Greece had been on the path to recovery and was heading toward a "clean exit" from its bailout programs, but the tenure of Yanis Varoufakis as finance minister the following year proved costly, setting Greece back years, according to the secretary general of the European Stability Mechanism (ESM).
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: Greek loan installment to be disbursed 'in coming days'
Greece's fifth and final loan installment from its adjustment program will be disbursed "in the coming days," the European Stability Mechanism (ESM) said in a press release on Thursday.
German Parliament approves last loan installment to Greece
The German Parliament's budget committee rubber-stamped on Wednesday the disbursement of the last loan installment of Greece's adjustment program, totalling 15 billion euros.
Creditors not happy with deal on VAT for the islands
The governing board of the European Stability Mechanism (ESM) is expected to decide on Friday morning on the disbursement of the last bailout tranche to Greece, amounting to 15 billion euros.
DBRS upgrades Greece's credit rating one notch
Canada-based DBRS Ratings upgraded Greece's main ratings one notch, from B to B (high), on Friday and maintained the positive trend, in an extraordinary review in the aftermath of last week's Eurogroup decision to ease the country's debt.
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Germany Pockets EUR 2.9 Billion from Greece Bailouts
Yahoo News - Germany has earned some 2.9 billion euros ($3.5 billion) since 2010 on Greek debt bought to help the struggling country, a government report seen by AFP showed Thursday.
"Contrary to all the rightwing myths, Germany profited massively from the crisis in Greece," said Sven-Christian Kindler, a Greens party MP whose question to the finance ministry uncovered the figure.
IMF chief lauds review completion, concerned about long-term debt
Christine Lagarde, Managing Director of the International Monetary Fund, commended Greece and its European partners for completing the country's final bailout review and but expressed reservations about the long-term outlook for the country's debt.
Below is the full statement by Lagarde:
ESM warns Cypriot banks of quick fixes
The European Stability Mechanism (ESM) warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio.
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