BRUSSELS: Like a fine wine, Greece’s bailout could get more expensive as it ages.
The European Stability Mechanism has so far charged Greece about 1% on the funds released from the 86 billion-euro (US$98bil) bailout that Prime Minister Alexis Tsipras won in August. Those costs aren’t locked in for the life of the loan though, ESM chief financial officer Christophe Frankel said in an interview.
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