The European Financial Stability Facility (EFSF) decided on Thursday to reduce to zero the step-up margin accrued by Greece for the period between June 17 and December 31, 2022, as part of the medium-term debt relief measures agreed for the country in 2018, ANA reports.
The value of this eighth reduction amounts to 122.5 million euros, it noted in a statement. The EFSF Board of Directors also decided to reduce the step-up margin to zero from January 1, 2023, onwards. This concludes the reduction of the step-up margin under the medium-term debt relief measures.
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