The European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) gave the go-ahead to Greece’s early repayment of loans worth 5.29 billion euros, in a statement released on Tuesday.
It said the ESM and EFSF boards “agreed today to waive the mandatory proportional repayment obligation of ESM/EFSF loans in connection with an early repayment to Greek Loan Facility (GLF) lenders.”
ESM also approved the use of funds from a dedicated cash buffer account.