European Stability Mechanism

ESM confirms receiving formal aid request from Greece

The European Stability Mechanism (ESM) have received a formal request for bailout aid from Greece to avoid Grexit, a media report said.

Jul 09, 2015, 07:04 AM IST

Greece wants 1.2 billion euros back from EU bailout fund: source

Cash-strapped Greece wants the European Union`s rescue fund to return 1.2 billion euros (USD 1.3 billion) unduly handed over by Athens, a source with knowledge of the issue said Tuesday.

Mar 24, 2015, 23:11 PM IST

Greece gets half-billion-euro lifeline

In a rare piece of good news for Greek leaders, the European Stability Mechanism (ECM) confirmed Tuesday that it has been forced to throw the cash-strapped country a half-billion-euro lifeline.

Mar 11, 2015, 05:14 AM IST