ESM Authorizes Next Cypriot Aid Package
On Monday, the European Stability Mechanism's Board of Directors authorized a 600 million euro aid package to Cyprus, according to international reports.
- Published in World
ESM head rules out restructuring of Greek debt.
In an interview with Germany's Der Spiegel magazine, Klaus Regling - who heads the European Stability Mechanism (ESM), Greece's largest creditor with 133 billion euros in 30-year loans already disbursed at an interest rate of 1.5 percent, is quoted as saying "there will be no debt restructuring."
- Published in Greece