Commission signs three-year ESM stability support programme for Greece

EU News 227/2015

Brussels, 20 August 2015
IP/15/5512

The European Commission signed the Memorandum of Understanding (MoU) with Greece for a new stability support programme late on Wednesday. The European Stability Mechanism (ESM), Europe's firewall established in 2012 in response to the global financial crisis, will be able to disburse up to EUR 86 billion in loans over the next three years, provided that Greek authorities implement reforms to address fundamental economic and social challenges, as specified in the MoU.

Source and additional information:
http://europa.eu/rapid/press-release_IP-15-5512_en.htm?locale=en

File Photo: Valdis Dombrovskis, Vice-President of the EC Date: 15/07/2015 Reference: P-028879/00-10 Location: Brussels - EC/Berlaymont (C)EU, 2015 URL

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