ESM Will Provide Greece With a Loan

Forex News

The European Stability Mechanism (ESM) has almost approved the decision to give Greece a financial tranche. The monetary tranche of 8.5 billion euros of the European Stability Mechanism, agreed on Thursday by the Eurogroup, will be transferred to Athens after the IMF decision on the next financial assistance to the country.

Due to this credit tranche, Greece will have the opportunity to fulfill overdue debt obligations and solve current financial problems.