11/06/2018 (Agence Europe) – On Friday 8 June, the board of directors of the European Stability Mechanism (ESM) examined the progress made by Athens in paying off the Greek debt arrears and decided not to disburse the second sub-tranche of €1 billion promised to Athens in the framework of the third monitoring mission of the third bailout plan at this stage (see EUROPE 11944). With a first sub-tranche of €5.7 billion already having been paid out, the ESM took the view that Greece's...