ESM and the European Financial Stability Facility (EFSF) boards agreed to waive the requirement for proportional repayment of ESM/EFSF loans.

The European Stability Mechanism (ESM) has sounded the alarm on growth prospects in the eurozone, including Greece, in a report warning that GDP growth could fall to just 0.5% by 2029 from 1.3% in 2023—unless labor productivity improves significantly. Regarding Greece and other peripheral countries in the eurozone, the study notes that in the case […]