The European Stability Mechanism

Prime Minister Alexis Tsipras does not seem to tire of saying the same thing over and over again. He claims that, in 2015, his government took over a country that was bankrupt. He forgets to mention that Greece's debt is higher today than it was then.

Greece plans to file a request this week seeking the eurozone bailout fund's consent to the early repayment of expensive loans owed to the International Monetary Fund, a source close to the process told Reuters Monday.

The European Stability Mechanism's board of directors on Friday approved, in principle, the release of the final bailout tranche to Greece, worth 15 billion euros. 

In a statement released on Friday, the ESM's board said that the sum would be disbursed to Greece "subject to the completion of national procedure." 

The European Stability Mechanism is tying up Greece's cash buffer with safety clauses, to ensure that those funds are only used for the purpose they are intended for - and not handouts.

This stems from the ESM proposal on the terms of the final 15-billion-euro tranche to Greece as tabled in the German parliament along with the rest of the Eurogroup agreement's texts.

Short-dated Greek government bond yields fell on Tuesday after the euro zone bailout fund approved new loans for the indebted country.

The European Stability Mechanism said it approved the disbursement of 6.7 billion euros in new loans to Greece as part of its current bailout program. 

Europe's bailout fund has approved a 6.7-billion-euro loan installment to Greece as part of its third international rescue program, with payment of the first 5.7 billion euros expected this week. 

The government on Friday adjusted the amount it expects to receive in bailout funding after the third review is completed to 6.7 billion euros, raising it from the 4.5 billion it had estimated 24 hours earlier.

The European Stability Mechanism's decision regarding the disbursement of the 7.7-billion-euro tranche to Greece was on Wednesday postponed until Friday, provided that all prior actions required have been satisfied by then.

The European Stability Mechanism is ready to prepare the payout of vital bailout loans in June for crisis-hit Greece, but the country needs to "act swiftly" on bailout reforms, ESM Chief Economist Rolf Strauch said on Wednesday.

The European Stability Mechanism's decision to unfreeze short-term debt lightening measures for Greece, and the seven consecutive sessions of decline for the banks index fueled a significant upturn on Tuesday both in stock prices and turnover.