The European Commission, European Stability Mechanism, European Central Bank (ECB), and International Monetary Fund (IMF) have all agreed with the Eurozone’s 19 finance ministers of the Eurozone to extend Greece’s repayment period by 10 years on loans from Athens’ second €96 billion European Financial Stability Facility bailout.

An additional 10-year grace period – where the loans’ interest will not rise – will be granted as well. The final tranche of the Greek debt relief programme will include €3.3 billion for Greece’s IMF and ECB repayment. This brings the final disbursement to €15 billion, according to several EU officials familiar with the discussions.