On Thursday, 2 May, the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM) formally recorded the disbursement of an aid instalment of nearly €1 billion to Greece as part of the measures arising from Athens’s exit from the latest financial assistance plan for Greece.
These decisions echo the green light given by euro area finance ministers during the Eurogroup meeting in Bucharest this past 5 April (see EUROPE B12230A3).
This aid instalment...