Government of Greece

ESM disburses € 7.7bn to Greece

The European Stability Mechanism (ESM) disbursed the € 7.7 billion tranche to Greece, Monday. The amount was deposited in the Bank of Greece’s (BoG) special treasury account. € 6.9 billion will be used to service the country’s debt, with the remaining 800 million going to overdue public debts to the private sector.

Glenn Kim presents Varoufakis's alternative currency plan

The plan for a parallel currency that the Greek government and the finance minister of the time, Yanis Varoufakis, were planning in 2015, were laid bare with all the details by his close associate at the time, Glenn Kim on Monday at an Italian parliamentary event organized by Beppe Grillo's Five Star Movement.

Tsipras defends gov't in Parl't, Mitsotakis calls him 'corrupted'

Prime Minister Alexis Tsipras expressed optimism about the prospects for Greece's economic recovery following last month's Eurogroup deal and defended his government's record during a speech in Parliament on Monday.

"Now we have a deal and those who should explain themselves are the false prophets of disaster," Tsipras said in a dig at the political opposition.

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