Tag: BENAKI

📌ESM and EFSF enable third early repayment of GLF loans
The Boards of Directors of the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) have agreed to waive the mandatory proportional repayment obligation of ESM/EFSF loans in connection with an early repayment to Greek Loan Facility (GLF) lenders. The Board of Directors of the European Stability Mechanism (ESM) also approved the use of funds from a dedicated cash buffer account, created at the end of the adjustment program, to carry out this prepayment.
Under the ESM and EFSF loan agreements with Greece, upon early repayment to certain official creditors, including the GLF lenders, a proportional amount of the financial assistance provided under ESM and EFSF facilities becomes immediately due and payable. Thanks to the waivers granted, Greece will not be required to make a proportionate early repayment to either institution.
“Greece continues to make notable progress in strengthening its economy. This additional early repayment of the GLF loan sends another positive signal to financial markets, improves Greece’s debt structure, and reflects the country’s improving fiscal position. The ESM and EFSF remain committed to supporting the Greek authorities in their efforts to foster long-term growth and ensure debt sustainability,” said Pierre Gramegna, ESM Managing Director and EFSF CEO.
Read more via Αθηναϊκό - Μακεδονικό Πρακτορείο Ειδήσεων
https://www.amna.gr/home/article/953325/Prasino-fos-apo-ESM-EFSF-gia-apopliromi-daneion-upsous-5-29-dis-apo-tin-Ellada

The Olympic Flame for the 2026 Winter Olympics was handed to the MilanoCortina2026 organizers at an official ceremony in Athens today. "Today marks a magical moment for all of us," said Giovanni Malagò, president of the Milano-Cortina Organizing Committee, at the Panathenaic Stadium, where the first modern Olympic Games were revived in 1896.
After a nine-day journey through Greece, the Olympic Flame will begin its journey to Italy on December 6, for a two-month torch relay around the country, ahead of the Games' Opening Ceremony on February 6, 2026.

Source: https://www.amna.gr/sport/article/953851/