European Financial Stability Facility
Economy seen resilient despite challenges
Greece retains the capacity to service its debt, noted the European Commission's third Post-Program Surveillance Report released on Thursday.
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ESM completes transfer of 603 mln euros to Greece
The European Stability Mechanism (ESM) on Monday announced the completion of the eighth transfer of income earned by central banks on holdings of SMPs and ANFAs to Greece, worth approximately 603 million euros, as part of a debt-relief package.
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EFSF approves eighth reduction of step-up interest margin for Greece
The European Financial Stability Facility (EFSF) decided on Thursday to reduce to zero the step-up margin accrued by Greece for the period between June 17 and December 31, 2022, as part of the medium-term debt relief measures agreed for the country in 2018.
The value of this eighth reduction amounts to 122.5 million euros, it said in a statement.
Klaus Regling: Greece has prospects for greater growth
Next week marks the 10th anniversary of the establishment of the European Stability Mechanism (ESM) on 2 February 2012.
The ESM is a child of the euro crisis, it was directly connected to the biggest debt crisis that Greece went through after the war and it reminds the Greeks of the most difficult moments of the last decade.
Eurozone ministers to choose next chair; Spain, Luxembourg, Ireland mentioned
Eurozone finance ministers will start on Thursday a month-long process of choosing their next chairman to replace Portugal's Mario Centeno who will step down in July, with ministers from Spain, Luxembourg and Ireland among possible candidates.
ESM approves additional debt relief measure for Greece
The European Stability Mechanism (ESM) on Thursday announced that the Board of Directors of the European Financial Stability Facility (EFSF) decided to reduce to zero the step-up margin due from Greece for the period between 17 June 2019 and 31 December 2019, as part of the medium-term debt relief measures agreed for the country.
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.
ESM: Repayment of expensive IMF loan by Greece to help debt sustainability
The benefits of Greece's early repayment of a chunk of its loan from the International Monetary Fund (IMF) lie mainly in improving debt sustainability in the long run, the European Stability Mechanism (ESM) said in its recommendation to the Parliaments of eurozone member-states.
FinMin tables request to pay IMF back early
Finance Minister Christos Staikouras sent a letter on Monday asking the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) to approve the repayment of the expensive part of Greece's loan from the International Monetary Fund before it is due.
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Mitsotakis: Greece submitted request for early repayment of IMF loan
Prime Minister Kyriakos Mitsotakis said Monday that Greece has submitted its request for an early repayment of a chunk of its expensive loan from the International Monetary Fund (IMF), noting that the move "enhances the country's credibility, improves public debt sustainability indicators and saves resources for the Greek state."