The European Financial Stability Facility (EFSF) approved the implementation of a set of medium-term debt relief measures for Greece, it said in a statement on Thursday. The measures are those approved by eurozone Finance Ministers at their June 22 meeting. ESFS also released an explainer of the measures on the European Stability Mechanism (ESM) site. The full statement on the approval follows:
"The Board of Directors of the European Financial Stability Facility (EFSF) today approved the implementation of a set of medium-term debt relief measures for Greece. The measures are set out in a number of EFSF documents including the Master Financial Assistance Facility Agreement between the EFSF and Greece. Euro area finance ministers had endorsed the measures at the Eurogroup meeting on 22 June 2018.