EFSF approves 4-month extension of Greek program

An announcement clarifies that MFFA funds will be available to the country only after the completion of the assessment

 

Following Eurogroup’s decision, the EFSF announced on Friday an extension of the Greek program until June 30.

According to the announcement, “the management of the EFSF decided to extend the Agreement (Master Financial Assistance Facility Agreement – MFFA) with Greece for four months, Instead of ending on February 28 is been extended until the 30th of June 2015.”

At the same time, the announcement clarifies that the funds of the MFFA will be available to the country only after the completion of the assessment, while stressing that Greece has so far received 141.8 billion euros from the EFSF.