A breakdown of Greece’s revised financing needs as part of its new ESM programme

EconomyProgramme Tags: ESM

The European Commission (EC) recently published its updated assessment of Greece’s financing needs, which now stand at 85.5 billion for the 3-year period ending on August 2018, 3.8 billion above those presented in the eligibility report released on July 10.

In its previous assessment, the Commission had calculated Greece’s debt amortization at 35.9 billion, euros including debt redemptions of 2.1 billion to the IMF and BoG that were due on Jun 30 as well as amortisation of 3.5 billion on the ECB due on Jul...

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