Search
Interview with Klaus Regling, ESM Managing Director
Published in Cyprus News Agency (Cyprus) on 3 November 2017
Interviewer: Gregoris Savva
Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) today authorised the release of €0.8 billion to Greece for the clearance of arrears. This is the remaining amount of the third tranche of ESM financial assistance, approved on 7 July 2017. It will be disbursed to a dedicated account for clearing arrears.
The release of funds was subject to a positive assessment by the European institutions of the clearance of net arrears by the Greek government, as defined in the Technical Memorandum of Understanding of 5 July 2017.
Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) today approved a request by Spain to make a voluntary early repayment of €2 billion of its ESM loan. This is the sixth time that Spain has requested to make an early repayment on a loan to recapitalise its banks in 2012 and 2013. Following this payment, Spain’s outstanding debt to the ESM will be €31.7 billion.