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EFSF, ESM formally approve over 970 mln euros of debt relief for Greece

debt relief

Greek debt relief measures worth more than 970 million euros were activated on Thursday following a decision by EFSF and ESM.

In particular, the Board of Directors of the European Financial Stability Facility (EFSF) approved the return of 103 million euros paid by Greece between January 1 to 17 June 2018, in relation to an interest rate increase in the second loan memorandum the country had signed.

Source: AMNA

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