Greek FinMin signs letters to ESM, Eurogroup on early repayment of IMF loans
- Written by E.Tsiliopoulos
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Greek Finance Minister Christos Staikouras on Monday signed the letters to be sent to the European Stability Mechanism (ESM) and the Eurogroup, presenting Greece's plan for an early repayment of part of International Monetary Fund (IMF) loans (2.9 billion euros with a 5.13 pct interest, out of total loans amounting to 8.8 billion euros).
The process is expected to last around two months and, following its completion, the weighted average interest of IMF's loans is expected to fall below 3.0 pct. Sources said that the government's actions were carried out after consulting with the institutions.
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