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Europe Daily Bulletin No. 10612

11 May 2012
ECONOMY - FINANCE / (ae) greece
EFSF provides €4.2 billion of a €5.2 billion cash instalment

Brussels, 10/05/2012 (Agence Europe) - The European Financial Stability Facility (EFSF) has given the go-ahead for the payment of the first instalment of financial aid from the €130 billion second Greek bailout, making the unanimous board decision on Wednesday evening. The EFSF has decided to release €5.2bn from an initial tranche of €39.4bn earmarked for payment between now and the end of June (see EUROPE 10574).

“The EFSF has confirmed the release of the outstanding amount of...

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