The government is seeking the return to the Greek state of 1.2 billion euros from the European Financial Stability Fund (EFSF) and, according to government sources, the money may possibly enter the Greek state’s coffers in the coming days. The money, originally in the Hellenic Financial Stability Fund (HFSF), was used for the recapitalization of Greek banks instead of EFSF bonds destined for this purpose. It was recently transferred to the EFSF in the form of bonds not used for bank recapitalization, based on the Eurogroup decision of February 20. The sum will be used to financially support the public sector over the coming period and the EFSF has been contacted in order to return the sum to the Greek state. (source: ana-mpa)
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