Greece submits a formal application for a three-year loan facility from the European Stability Mechanism (ESM) on Wednesday

Market news

8 July 2015

Greece submits a formal application for a three-year loan facility from the European Stability Mechanism (ESM) on Wednesday

Greece has submit a formal application for a three-year loan facility from the European Stability Mechanism (ESM) on Wednesday.

"The Loan will be used to meet Greece's debt obligations and to ensure stability of the financial system," Greek Finance Minister Euclid Tsakalotos said in the letter.

He did not mention the exact amount of the financial aid.

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