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ESM: EUR 644 million of the 7th tranche of debt relief measures transferred

The Governing Council of the European Financial Stability Facility (EFSF) decided to reduce to zero the margin for interest rate increases on Greece's loans for the period between 1 January and 17 June 2022, as part...

No white smoke came out of the ESM Board of Governors for Klaus Regling’s successor today either

The Board of Governors of the European Stability Mechanism (ESM) failed today to choose Klaus Regling's successor as ESM Managing Director and the vote has been postponed until September. The new ESM CEO is expected to take...

Regling (ESM): Countries with high debt should continue prudent economic policy

By Tasos Dasopoulos Countries with very high debt should maintain a prudent fiscal policy, reiterated the head of the European Stability Mechanism (ESM), Klaus Regling, who otherwise had only good words to say about Greece's progress. Speaking...

A new upgrade of the Greek economy is coming from a major rating agency

By Tasos Dasopoulos Another "surprise" upgrade of the country's credit, one notch below the minimum investment grade, is expected on Friday, July 8, by the third largest rating agency, the US Fitch. The information reaching Athens in...

The 3 solutions on the ECB’s table for the bonds of the South

By Leonidas Stergiou The technical services of the ECB are proceeding with a "stress test" of the scenarios for the new intervention tool in the bond markets, while at the political level a solution is being sought...

ESM: Sees difficulties for Greece since the war in Ukraine

By Tasos Dasopoulos The European Stability Mechanism (ESM) frames its annual report on the Eurozone, with reference to the promotion of the necessary reforms and the strong economic recovery in 2021, but also questions about the...