22/02/2022 (Agence Europe) – On Tuesday 22 February, the Board of Directors of the EFSF Facility, the predecessor of the European Stability Mechanism (ESM), announced that the ‘step-up’ margin applied to loans granted to Greece in 2012 would be removed for the period June 2021 - January 2022. This measure allows a reduction of the Greek debt service of €122.5 million. The ESM will also transfer €644.42 million to Athens, which corresponds to the profits made during six months by...