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Glad to see those loans from the first bailout in 2010 being repaid. Greece has gone a long way since then
The ESM and EFSF agreed today to waive the mandatory repayment obligation concerning ESM/EFSF loans to Greece, allowing an additional early repayment of Greek Loan Facility (GLF) loans.
The ESM also approved the use of funds from a dedicated cash buffer account, created at the end of the adjustment programme, to partially carry out this prepayment. Following the transaction, the cash buffer account will be fully depleted.
This marks Greece’s fifth early repayment of GLF loans, which consisted of bilateral loans from 14 euro area countries. They were part of the first financial support programme for Greece, agreed in May 2010, prior to the creation of the EFSF and ESM.
Press release: ow.ly/8T4W50Z7AWrView quoted post on X
A wonderful occasion to speak about how Europe is navigating this brave new world we have entered…many thanks to @ChristophidouEU for the kind invitation to open this @EU_Commission DG Regio reflection day! @EUI_EU @STGEUI
🇪🇺 Full house at #RegioDay in #Brussels! 500+ participants joined to discuss adaptability in a changing geopolitical landscape. @EUinmyRegion’s @ChristophidouEU has highlighted the need for resilience, while former 🇬🇷 FinMin @gpapak is sharing his insights on navigating change.View quoted post on X
Our piece with @pisaniferry for Project Syndicate. It is urgent - but also feasible - to think about how we can still pursue global cooperation in critical policy areas in a fragmented world.
project-syndicate.org/commentary/glo…
project-syndicate.org/commentary/glo…
www.project-syndicate.org Global Cooperation in the Age of Trump George Papaconstantinou & Jean Pisani-Ferry suggest how global commons and interdependencies can be managed in the absence of a responsible superpower. 
