The European Financial Stability Facility (EFSF) has reportedly sent Greece’s General Accounting Office a letter stating that it is within its rights to immediately demand repayment of the loans given to the country, as part of the second bailout package.

The decision was reportedly sent to the Greek side by EU Economic and Monetary Affairs Commissioner Pierre Moscovici.

The level of loans given by the fund to Greece exceed 140 billion euros.

EFSF is the rescue fund created by euro zone members to help resolve the euro zone debt crisis.

An earlier EFSF statement noted that the fund has kept all its options open as a creditor, while saying its next steps will be determined in close cooperation with the EC, the IMF and the eurozone members.