07/11/2016 (Agence Europe) – On Monday 7 November, the Board of Directors of the European Stability Mechanism (ESM) approved a request by Spain to make a voluntary early fourth repayment of €1 billion of its ESM loan. Between December 2012 and February 2013, the ESM disbursed €41.3 billion to the Spanish government for the recapitalisation of the country’s banking sector. Once this payment is made, Spain’s outstanding debt to the ESM of €34.7 billion will need to be paid. In a...