ESM announces extension of maturity of 96.3 bln€ worth of EFSF loans granted to Greece, by 10 years

13 May 2019
509 Views

The maturity for European Financial Stability Facility (EFSF) loans extended to Greece over the 2012-2014 bailout period, reaching the stratospheric level of 96.3 billion euros, has been bumped back by 10 years, part of medium-term debt relief measures decided by European creditors in 2017.

As such, the maturity date for the specific loans is pushed back to far-off 2070, instead of the initial 2060.

The extension of the loan maturities was officially announced by the European Stability Mechanism (ESM), a decision that also includes a cache of loans maturing from 2045 to 2056.

You may be interested

All retail stores to open on Monday in Greece
GREECE
shares40 views
GREECE
shares40 views

All retail stores to open on Monday in Greece

makis - Jan 15, 2021

The Expert infectious disease team has proposed opening retail stores nationwide from Monday via the ‘click in shop’ method, while…

Hellenic Air Force: How low can you go?
DEFENCE
shares52 views
DEFENCE
shares52 views

Hellenic Air Force: How low can you go?

Panos - Jan 15, 2021

In the last few days a video from an Helenic Air Force Base has gone viral. It demonstrates the level…

How Fast Is 5G? (infographic)
GREECE
shares53 views
GREECE
shares53 views

How Fast Is 5G? (infographic)

Panos - Jan 15, 2021

As Apple is getting ready to ship the new iPhone 12 this week, much has been written about the new iPhones’ standout feature: 5G.…

Leave a Comment

Your email address will not be published.