ESM and EFSF approve short-term debt relief measures for Greece

EconomyProgramme Tags: Debt, ESM
Photo by MacroPolis
Photo by MacroPolis

The short-term debt relief measures for Greece were approved by the board of directors (BoD) of the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF) on Monday.

The measures were initially endorsed by the December 5 Eurogroup, but were put on hold after Prime Minister Alexis Tsipras announcement on handouts to low income pensioners worth 617 million.

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