Εuro Working Group also Oks Greek request for early repayment of certain IMF loans

3 May 2019
141 Views

The Εuro Working Group on Thursday, as expected, has provided the “green light” to a Greek government request,, submitted to the ESM, to pay off a portion of loans extended by the IMF before they reach maturity.

The bailout borrowing in question affects the more “expensive” loans extended to Greece by the Fund.

In Athens, sources from the finance minister claimed that no objections were aired by representatives of Eurozone member-states at the EWG venue.

The early repayment affects roughly 3.7 billion euros in IMF loans, which are burdened with a hefty 5.13 percent interest rate. The move will save Greek state coffers roughly 150 million euros.

You may be interested

Legendary Onassis yacht “Christina O” in Poros island
GREECE
shares30 views
GREECE
shares30 views

Legendary Onassis yacht “Christina O” in Poros island

Panos - Jul 15, 2019

The legendary luxury yacht “Christina O”, which belonged to Greek tycoon Aristotle Onassis and had hosted some of the most…

Greek financial audit authorities target 20,000 properties leased via the Airbnb
FINANCE
shares26 views
FINANCE
shares26 views

Greek financial audit authorities target 20,000 properties leased via the Airbnb

Panos - Jul 15, 2019

Greece’s financial audit authorities have targeted 20,000 properties leased via the Airbnb platform which were not declared to the tax…

A female officer becomes captain of the Greek Air Force Academy for the first time in history
GREECE
shares16 views
GREECE
shares16 views

A female officer becomes captain of the Greek Air Force Academy for the first time in history

Panos - Jul 15, 2019

For the first time in the history of the Hellenic Air Force, a female was appointed at the head of…

Leave a Comment

Your email address will not be published.