ECONOMY

EFSF disburses 3.3 billion euros to Greece

The European Financial Stability Facility on Tuesday disbursed 3.3 billion euros to Greece for budget financing and debt servicing needs.

The funds were transferred in cash and the loan has a maturity of 32 years.

This disbursement constitutes the second tranche that completes the fourth EFSF installment amounting to 7.5 billion euros.

Greece has now received from the EFSF 130.6 billion euros out of the total committed amount of 144.6 billion.