Glossary
G
Greek Compartment
The Greek Compartment was created by the Board of Governors in the context of the ESM short-term debt relief measures for Greece. It is a portfolio which contains the proceeds of all operations required to implement the short-term measures. The establishment of the Greek Compartment was necessary for internal purposes in order to isolate the costs of these measures and pass them on to Greece, hereby avoiding that additional costs incur for the other beneficiary ESM Members.