ESM arranges teleconference to approve new Greek bailout program

The board of the European Stability Mechanism has arranged to hold a teleconference at 8pm on Wednesday in order to examine the new Greek program.

After the relevant procedures at national Parliaments in Europe conclude, the the new bailout program is expected to receive approval from the ESM.

So far the Parliaments of Spain, Estonia and Lithuania have approved the new Greek bailout program. Decisions are expected on Wednesday by the Parliaments in Germany, Austria and Holland.