The EFSF Board of Directors has considered the next disbursements to Greece under the Financial Assistance Facility Agreement.
The Board has confirmed the release of the outstanding amount of €5.2 billion from the first instalment of €39.4 billion by the end of June. An amount of €4.2 billion will be disbursed on 10 May. The remaining funds of €1.0 billion are not needed before June, and will be disbursed depending on the financing needs of Greece. As with previous disbursements to Greece, the EFSF will transfer the €4.2 billion into a segregated account which will be used for debt service payments.
Press release
© EFSF - European Financial Stability Facility
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