â¿¿A 15-year extension of the maturities of loans from other countries and the eurozone's bailout fund, the European Financial Stability Facility, and a deferral of interest payments by Greece on EFSF loans by 10 years.â¿¿ The ECB will give up any of the profits it made on the Greek bonds it holds. Rather than giving back the money directly, which is against its founding charter, the ECB will hand it over to the eurozone's national central banks, which will then pass the funds on to Greece.
Greek Bankruptcy Averted _ For Now
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