The Board of Directors of the European Financial Stability Facility (EFSF) on Tuesday decided to reduce to zero the step-up margin accrued by Greece for the period between 17 June 2021 and 1 January 2022, as part of the medium-term debt relief measures agreed for the country in 2018. The value of this sixth successive reduction amounts to 122.5 million euros, ANA reports.
Furthermore, as part of the debt relief measures, acting as an agent for the euro area member states and after their approval, the European Stability Mechanism (ESM) made a transfer of 644.42 million to Greece on 22 December 2021. This corresponds to the income earned on holdings regarding the Securities Markets Programme (SMP) and the Agreement on Net Financial Assets (ANFA).
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