Greece paying the ECB three thousand 400 million euros of its debt – radiofórmula

August 20, 2015

Greece today paid to the European debt corresponding to the Central Bank (ECB) three thousand 400 million euros (about three thousand 800 million dollars) and interest, maturing on Thursday, after receiving the first disbursement of the third rescue

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Photo: Reuters

ATHENS Greece today paid corresponding to the European Central Bank (ECB) three thousand 400 million euros (about three thousand 800 million dollars) the debt and interest, maturing on Thursday, after receiving the first disbursement of the third rescue.

“All payments scheduled for today have been made. Were paid three thousand 200 million euros (about performance) of five-year bond and interest (200 million euros), “the Office of Public Debt Management (PDMA).

In addition, Greece paid the seven thousand 160 million euros (just over eight billion dollars) to the International Monetary Fund (IMF) loan to bridge the middle of last month.

Payments match the first disbursement of the third rescue, after yesterday the European Stability Mechanism (ESM) gave the green light to the granting of a tranche of 26 billion euros (about 29 thousand 112 million dollars).

Of this amount, 10 billion euros will be transferred to a special account of the ESM in Luxembourg for recapitalization and liquidation of banks, and 13 billion more Athens has received to meet loan repayments and pay the household bills backward.

Three thousand million euros in one or two tranches, subject to the implementation by Greece of key measures will be disbursed “no later than November 30,” the ESM.

The third bailout for Greece will run for three years and will reach 86 billion euros (96 billion dollars) but in return the Greek government must make hard budget adjustments, including painful pension reform.

To monitor that reforms are implemented, there will be evaluations every three months, the first one in October.

Notimex