Greece: ESM releases first tranche and Athens reimburses 3, 4 billion in ECB – AGI – Agenzia Journalistic Italy

Economy

10:52 August 20, 2015

(AGI / AFP) Athens, August 20 . – Greece has repaid € 3.4 billion of maturing loans from the ECB. This is revealed by government sources. To unlock the payment ‘was the green light given by the German Parliament to the program of aid to 86 billion Euros and the next green light ESM, the permanent mechanism salvastati European. This was announced by the Director General of the ESM, Klaus Regling, in a statement, which states that the fund will pay ‘suffered 13 billion as an advance for the priority actions and another 3 billion euro by the end of November. In addition to these 16 billion euro, the ESM will pay out ‘a second slice of aid from 10 billion euro for the recapitalization of Greek banks and settlement, for which the grant will wait’ stress tests ECB. The money, Regling said, “will allow Greece to meet its urgent financial obligations with the IMF, the ECB and other needs’ budget”. With 13 billion advance, Athens has already ‘paid back 3.4 billion maturing loans with the ECB and the 7.6 billion euro bridge loan granted in July from Brussels. “I’m relieved – Regling said in the press – that after intense negotiations with the government greek and approval from our members we are now all the conditions to make this payment on time.” (AGI).

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