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Eurozone rescue fund gives last bailout loan to Greece
By EUobserver
The European Stability Mechanism (ESM) paid out the fifth and final tranche of financial assistance to Greece on Monday, amounting to €15bn. Managing director Klaus Regling said "Greece has come a long way during the three years of the ESM programme" ending on 20 August. From the payment, €9.5bn will be used to strengthen Greece's cash buffer and €5.5bn will be used for debt service.