The European Stability Mechanism (ESM) completed on February 10 the smoothing of Greece’s repayment profile for the loans the country received from the European Financial Stability Facility (EFSF), the crisis resolution mechanism said on Friday.
With this smoothing, the weighted average maturity for the outstanding EFSF loans currently totaling 130.9 billion euros was increased to 32.45 years. The measure is part of the short-term debt relief measures for Greece agreed by its creditors.
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