End titles yesterday fell another one post-memorial capitalas its board of directors ECM approved the payment of the 8th and last tranche return of profits of European central banks from Greek bonds (SMP and ANFA) in the amount of 603 million euros, as well as interest-free bonds issued in 2012 by the EFSF, which will cover the debt until 2049 for a total of 5.2 billion euros.

The payment was accompanied by a call from ESM chief Pierre Gramenia for Greece to continue fiscal discipline and reforms, especially in the following 4 areas: NPLs, NPLs, primary health care and labor law.

Recognizing the progress made on reforms and the country’s ability to cope with the crisis caused by the war in Ukraine, Mr. Gramenia, who traveled to Athens last week, said: “Responsible and sustainable fiscal policy must remain a priority, and efforts to continue especially with regard to the reduction and restructuring of non-performing loans, the repayment of arrears, the reform of primary health care and labor laws.

Both the removal of interest income and the return of SMP and ANFAS were part of the medium-term debt relief measures enacted in 2018. Mr. Gramenia said yesterday that “the total cost of medium-term debt relief is $11.5 billion. interest income was 2% on a €11.3 billion EFSF loan that was used to buy back the debt and will be repaid from 2017. However, as part of the debt relief measures, it was decided to phase it out every time Greece was positively assessed in the context of supervision.Accordingly, the six-month return of SMP and ΑNFA was also associated with a positive assessment.