ESM extends by 10 years maturity of €96.3 billion of loans to Greece

TornosNews.gr 15.05.2019 | 23:19
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ESM extends by 10 years maturity of €96.3 billion of loans to GreeceThe maturity date for the specific loans is pushed back to far-off 2070, instead of the original 2060

The maturity for European Financial Stability Facility (EFSF) loans extended to Greece over the 2012-2014 bailout period, reaching the stratospheric level of 96.3 billion euros, has been bumped back by 10 years, part of medium-term debt relief measures decided by European creditors in 2017, naftemporiki.gr reports.

As such, the maturity date for the specific loans is pushed back to far-off 2070, instead of the original 2060.

The extension of the loan maturities was officially announced by the European Stability Mechanism (ESM), a decision that also a relates to cache of loans maturing from 2045 to 2056.

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


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