Tag: European Stability Mechanism

IMF

Greece approved to pay back IMF debt earlier

The Greek government expressed satisfaction following the green light it was given on Monday by the European Stability Mechanism (ESM), for Greece’s early partial repayment of its outstanding loans to the International…

Eurogroup not yet finished with Greece 1

Eurogroup not yet finished with Greece

The head of the European Stability Mechanism (ESM), Mr Klaus Regling, said on Thursday that the Eurogroup and the institutions plan to discuss with incoming Greek government following the July 7 general…

Greece has overachieved on fiscal targets  3

Greece has overachieved on fiscal targets 

Following a press conference after the eurozone finance ministers’ meeting on Thursday, Eurogroup President Mario Centeno said that the Greek government has informed the Eurogroup about the package of measures legislated by the…

Government to consider more tax relief measures 5

Government to consider more tax relief measures

Greece’s Deputy Finance Minister Katerina Papanatsiou, said on Tuesday that the Tsipras government is considering a package of tax relief measures, such as lowering the minimum tax rate and VAT. During an…

Greece to request early IMF loan pay-off 7

Greece to request early IMF loan pay-off

Greece’s Finance Minister Euclid Tsakalotos, said the IMF was set to approve the government’s proposed plan to request for an early payoff of part of its IMF loans and will table an…

EU to extend its surveillance of Greece 9

EU to extend its surveillance of Greece

The EU Commission has announced it will continue monitoring the Greek economy for an additional six months. Specifically, the Commission adopted a decision to extend the enhanced surveillance framework for Greece by…

Greece granted much expected 800 million euros 11

Greece granted much expected 800 million euros

Greece was finally granted the 800 million euros it was expecting from Europe on Thursday after authorisation was given by the European Stability Mechanism (ESM). The ESM reached their decision during a…