The European Stability Mechanism (ESM) on Monday announced the disbursement of 7.7 billion euros to Greece through a post on Twitter.
“#ESM executed 1st disbursement of 7.7 bn under the 3rd tranche, money arrived in #Greece,” the tweet mentioned, with a link to a press release dated July 7.
According to the press release, the 7.7 billion is a first disbursement of the third tranche of ESM financial assistance to Greece, amounting to 8.5 billion euros in full. The bulk of the disbursement (6.9 billion euros) will be used for servicing Greece’s debt and the remainder on arrears clearance.
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Source: ANA-MPA
