Tag: European Stability Mechanism

  • ESM approves Greek 86 bn euro bailout plan

    ESM approves Greek 86 bn euro bailout plan

    Brussels:(IANS) The European Stability Mechanism (ESM) has approved a third Greek bailout package, unlocking the first disbursement of 13 billion euros ($14.46 billion). The approval on Wednesday came a day before Greece has to repay a 3.2 billion euro loan to the European Central Bank, Xinhua reported. According to a statement released by the ESM,…