The European Financial Stability Facility (EFSF) decided today to reduce to zero the step-up margin accrued by Greece for the period between June 17, 2020, and December 31, 2020, as part of the medium-term debt relief measures agreed for the country in 2018. The value of this fourth successive reduction amounts to 122.5 million euros, ANA reports.
Furthermore, as part of the debt relief measures, the European Stability Mechanism (ESM), acting as an agent for the euro area member states and after their approval, on December 22, 2020, made a transfer to Greece amounting to 644.42 million euros, equivalent to the income earned on SMP/ANFA holdings.
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