European Stability Mechanism

Greece does not need to tap ESM credit line, says FinMin

Greece has no need to tap the eurozone's pandemic credit line at present, Finance Minister Christos Staikouras said on Friday.

"Based on current data, Greece does not need to resort to the ESM's (European Stability Mechanism) credit lines since the government has made and continues to make prudent use of the country's own resources," he told an Economist conference.

Greece’s debt growing but ‘manageable,’ says ESM chief Klaus Regling

Greece's debt is "going up" but is "manageable" coming out of the double debt and health crisis because its annual servicing cost is much lower than in many other countries, the head of the European Stability Mechanism, Klaus Regling, said in an interview published on Tuesday.