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This entry was posted on August 20, 2015 at 09:30.
Greece repaid to the ECB 3.4 billion euro. Today expire Greek government bonds bought earlier by the ECB under the Securities Market Programme. The report sources close to each other.
Yesterday, after the approval of the third bailout of 86 billion euro of the German Parliament were initiated by the supranational European institutions, procedures to finance the new lending plan in Athens.
This morning, the European Stability Mechanism (aka, Fund bailout) has approved the payment of 23 billion for Greece, including 13 billion serving, in large part, to repay the IMF and Greek bonds maturing classed in the portfolio of the ECB.
The remaining 10 billion will be shot in favor of Athens in two stages: by November, once approved some further reforms, will come another 3 billion. The other 10 billion will be paid instead of a bank account (escrow), that is segregated, to be used for recapitalization or the possible liquidation of Greek banks.
“Now Greece can meet its most pressing financial obligations towards the International Monetary Fund, the European Central Bank and meet the other commitments of the budget,” said Klaus Regling, Director the European Stability Mechanism.
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