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Ornate red and ivory wall decoration, with plaque and symbols

FALQs: The Greek Debt Crisis – Part 1

Posted by: Jenny Gesley

This blog post is part of our Frequently Asked Legal Questions series. On July 8, 2015, the new Greek Finance Minister Euclid Tsakalotos submitted a request for a third loan package to the European Stability Mechanism (ESM). The ESM was set up in 2012 as a permanent intergovernmental organization under public international law to issue debt instruments …