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Samples in periodicals archive:
The European Stability Mechanism (ESM) is expected to ratify the disbursement of the e1/4350 million sixth tranche of Cyprus` bailout programme, at Monday's meeting of the Eurogroup in Brussels.
he cash primary balance of the state budget (surplus 3,003 million) remains a surplus if revenue regarding Securities Market Programme (SMP) income transfers from Eurosystem central banks is included and revenue from repayment of preference shares, as well as expenditure for the repayment of arrears and for Greece s contribution to the European Stability Mechanism are excluded.
The Board of Directors of the European Stability Mechanism (ESM) approved Monday the disbursement of e1/4600 million to Cyprus.
Klaus Regling, who heads European Stability Mechanism, said Ireland is instead being rewarded with low interest rates for paying the gamblers who should have lost their shirts.
the 17 eurozone finance ministers agreed on how the single currency's rescue fund, the European Stability Mechanism (ESM), could help the banks without adding to the already big debt burden on member states.
The IMF announced on Wednesday evening, that the loan, part of a combined 13 billion-dollar emergency financing pact set by the IMF and the European Stability Mechanism, amounts to 563 percent of the countrys quota arrangement under the Extended Fund Facility for Cyprus, in support of the authorities economic adjustment program.
The Finance Ministry also said that in January, it purchased 400 million euros of debt issued by the European Stability Mechanism, a permanent rescue fund for the 17-nation single currency bloc designed to provide money to stricken governments.
Schauble argues that if the European Stability Mechanism is to directly finance the recapitalization of Greek, Spanish, and many other eurozone banks, the systemic eurozone banks must be supervised by a common eurozone authority, because the national supervisors would lack the incentive to be strict enough.