ESM board of governors approves loan to Greece 'in principle'

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ESM board of governors approves loan to Greece 'in principle'

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The European Stability Mechanism (ESM) Board of Governors on Friday announced that it had in principle approved the granting of financial assistance to Greece in the form of a loan programme.

The ESM announcement said that this decision was pending the completion of national processes to approve the new loan by the national parliaments of ESM member-states.