The Board of Directors of the European Financial Stability Facility (EFSF) on Wednesday decided to reduce to zero the step-up margin accrued by Greece for the period between January 1 and June 17, 2021, as part of the medium-term debt relief measures agreed for the country in 2018, ANA reports.
The value of this fifth successive reduction amounts to 103.3 million euros and will be reimbursed to Greece by the EFSF.
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, will make a transfer to Greece of 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
