ESM Announces Release of 7.5 Bln Euros for Greece


The European Stability Mechanism (ESM) has disbursed the 7.5-billion-euro installment of its loan to Greece, the body announced on its Twitter account on Tuesday afternoon.

“ESM just disbursed € 7.5 billion to Greece. ESM disbursement of € 7.5 billion will be used by Greece for debt service (€5.7 billion) and arrears clearance (€1.8 billion),” two tweets said.

It also added that the EFSF and the ESM have now jointly disbursed 170.7 billion euros to the country, making it by far the largest creditor to Greece.
(Source: ANA-MPA)