European Stability Mechanism on Thursday announced that the Board of Directors of the European Financial Stability Facility (EFSF) decided to reduce to zero the step-up margin due from Greece for the period between 17 June 2019 and 31 December 2019, as part of the medium-term debt relief measures agreed for the country, ANA reports.
Furthermore, as part of the debt relief measures, on 20 December 2019 the European Stability Mechanism (ESM), acting as an agent for the euro area member states and after their approval, had made a transfer to Greece amounting to 644.42 million euros, equivalent to the income earned on SMP/ANFA holdings.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
