The European Stability Mechanism (ESM)
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ESM to hold teleconference on Greek loan tranche on June 14
The board of the European Stability Mechanism (ESM) will hold a conference call on June 14 to discuss whether Greece has met the conditions to receive the remaining one billion euros of its loan, the organization said in a press release on Monday.
ESM's tranche delay shocks Athens
The European Stability Mechanism (ESM) decided on Friday to withhold the 1 billion euros outstanding from the third bailout review, destined for the repayment of state arrears to third parties.
The decision surprised the Greek government as both the European Commission and the European Central Bank had made favorable recommendations regarding the disbursement of the money to Athens.
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'Still more work' needed by Greece to make economy resilient, says Regling
Greece has succeeded in consolidating fiscal deficits and implemented reforms, but it still needs to do "more work" to strengthen its economy, the head of the European Stability Mechanism (ESM), Klaus Regling, said in an interview with Spanish newspaper Cinco Dias, published on Thursday.
Greek debt relief plan linked to growth submitted by ESM and France, according to Handelsblatt
A plan to provide debt relief that will be linked to Greece's economic growth until 2050 has been submitted by the European Stability Mechanism (ESM) and France, according to a report in Germany's Handelsblatt newspaper.
ESM increases pressure for reforms
Pressure is growing on Greece to promote reforms where the creditors have identified delays, as the timely completion of the fourth review and the smooth emergence from the bailout program are at risk.
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German media says FDP to vote against Greek rescue tranche
Germany's liberal FDP party will be voting against the disbursement of the fourth tranche of bailout funding to Greece from its international creditors, Handelsblatt has reported.
According to the German paper, the liberals will be tabling a motion with the Bundestag's Budget Committee on Wednesday to "deny Athens disbursement of the fourth credit tranche."
Regling: Post-bailout credit line for Greece probably not needed
Greece will probably not need a precautionary credit line after its bailout ends in August if the country sticks to reforms, the head of Europe's rescue fund said in an interview released on Saturday.
Post-bailout credit line for Greece probably not needed, ESM head says
Greece will probably not need a precautionary credit line after its bailout ends in August if the country sticks to reforms, the head of Europe's rescue fund said in an interview released on Saturday.
ESM's Regling says reforms are Greece's best insurance against risk
The head of the European Stability Mechanism (ESM), Klaus Regling, told Skai TV in an interview aired on Tuesday night that Greece can look forward to a "clean exit" from the bailout when it expires in August but needs to be aware of the risks of volatile markets.
EWG approves near completion of review milestones
Thursday's Euro Working Group meeting affirmed the implementation of the vast majority of prior actions concerning Greece's third bailout review, according to a eurozone source.
The senior officials of the eurozone's finance ministries were informed that there are still three milestones that remain pending from a total of 110, but they are not in the government's control.
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