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EFSF Board of Directors' meeting, 22 November 2018
Draft annotated agenda
Summary of Decisions
Klaus Regling, ESM Managing Director
“The future of the Economic and Monetary Union and the role of the ESM”
33rd international ZinsFORUM 2018
Frankfurt am Main, 26 November 2018 (Please check against delivery - Translation from the German original)
Ladies and gentlemen,
EFSF approves medium-term debt relief measures for Greece
Luxembourg – The Board of Directors of the European Financial Stability Facility (EFSF) today approved the implementation of a set of medium-term debt relief measures for Greece. The measures are set out in a number of EFSF documents including the Master Financial Assistance Facility Agreement between the EFSF and Greece. Euro area finance ministers had endorsed the measures at the Eurogroup meeting on 22 June 2018.
Explainer on EFSF medium-term debt relief measures for Greece
When were the medium-term debt relief measures for Greece agreed?
Following the completion of the fourth and final review of Greece’s ESM programme, the medium-term measures were agreed by the Eurogroup on 22 June 2018. The implementation of the measures was approved by the EFSF Board of Directors on 22 November 2018.