22/11/2018 (Agence Europe) – On Thursday 22 November, the Board of Directors of the European Financial Stability Facility (EFSF), the provisional rescue mechanism for the eurozone, approved the implementation of the medium-term debt relief measures for Greece decided last June as part of Greece's exit from the third and final financial rescue plan (see EUROPE 12046, 12077). In exchange for Athens' continued implementation of the reforms, which consist of the conditional abolition of the step-up interest rate margin related to the debt buy-back instalment of the second Greek programme by the EFSF, a further deferral of interest, from 2022 to 2032, on the repayment of loans contracted with the EFSF and an extension of the maximum weighted average maturity of the EFSF loans by 10 years. (LT)