Greece has repaid loans approved by the European Stability Mechanism and cleared all remaining IMF debt.
2 reports, 2 independent
Updated Oct 15
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What happened
Greece has repaid loans approved by the European Stability Mechanism and cleared all remaining IMF debt.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Greece confirms repayment of IMF loans while noting outstanding obligations to the EIB and ESM.Sub-event
Greece resolves financial obligations by repaying ESM loans and clearing IMF debt.1 source
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The entities involved
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Greece
country in Southeast Europe
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European Stability Mechanism
intergovernmental financial organization
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International Monetary Fund
international financial institution
Related events
- IMF loans were dependent on the Icesave deal completion, requiring mutual agreements with the Netherlands.
- Greece's debt crisis is impacting European stability, leading to demands for austerity and tax increases from Germany.
- Bank of Cyprus was exposed to debt-crippled Greece during the 2013 financial crisis.