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Interview with Klaus Regling, ESM Managing Director
Published in Spiegel Online, 14 August 2018
Interviewer: David Böcking
Spiegel Online: What was the cause of the crisis in Greece?
Time shown is local time.
NOS Radio 1 Journaal
6 Augustus 2018
Interviewer: Jurgen van den Berg
Transcript of interview with Kalin Anev Janse, ESM Secretary General
NOS Radio 1 News (Netherlands)
6 August 2018
Interviewer: Jurgen van den Berg
The ESM Board of Directors endorsed in principle on 13 July 2018 the disbursement of the fifth and final loan tranche of the ESM programme, amounting to €15 billion, and concluded their approval of the tranche on 1 August. Out of this total amount, €5.5 billion was disbursed to a segregated account to be used for debt servicing and €9.5 billion was disbursed to a dedicated account for building up a cash buffer.
Luxembourg – Today the European Stability Mechanism (ESM) disbursed the fifth and final tranche of ESM financial assistance for Greece, amounting to €15 billion. €9.5 billion of the tranche will be used for building up Greece’s cash buffer and €5.5 billion will be used for debt service. After the disbursement, the cash buffer will reach around €24 billion. That sum would cover around 22 months of Greece’s financing needs after the end of the programme on 20 August.