06/04/2018 (Agence Europe) – The 'French mechanism', consisting of indexing the level of reimbursement of Greek debt to the country's economic growth from mid-2018 until 2050 (the ‘growth-adjustment mechanism’), is reported to provide for suspending the reimbursement of this if the average five-year growth rate was below 2.8% of GDP, according to German daily newspaper Handelsblatt of 3 April, which quotes from a European Stability Mechanism (ESM) document of the end of February. If the annual average growth over this period was situated between 2.8% and 3.4% of GDP, the reimbursement of the debt would be partial. It would be full with an annual average growth above 3.4% of GDP. This measure was mentioned during the Eurogroup meeting of 22 January (see EUROPE 11944). (LT)