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Image header Agence Europe
Europe Daily Bulletin No. 13534
Contents Publication in full By article 32 / 36
NEWS BRIEFS / Greece

ESM and EFSF rescue funds not asking for reciprocity in event of early repayment by Athens to ‘Greek Loan Facility

28/11/24 (Agence Europe)On Thursday 28 November, the ‘European Stability Mechanism’ (ESM), the euro area’s permanent rescue fund, and the ‘European Financial Stability Facility’ (EFSF) decided to lift the mandatory repayment obligation on their loans to Greece as part of an early repayment by Athens to the ‘Greek Loan Facility’ (GLF). Introduced in 2010, the GLF is the first emergency fund to have provided financial support to Greece, to the tune of €52.9 billion up...

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