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The debt sustainability analysis for Greece, carried out by the European Commission in liaison with the ECB, concluded that debt sustainability could be achieved through a far-reaching and credible reform programme and additional debt-related measures without nominal haircuts.
In line with the 12 July Euro Summit statement, on 14 August 2015, the Eurogroup confirmed it was ready to consider possible additional measures to ensure that Greece's gross financing needs remain at a sustainable level.
The financial assistance of up to €86 billion under the programme is provided by the European Stability Mechanism (ESM).
Greece made an official request for stability support in the form a government loan from the ESM on 8 July 2015.
These measures will have a significant positive impact on the sustainability of Greece's public debt.
They include: Following the assessment of risk, financing needs and debt sustainability, on 13 July 2015 the leaders of the euro area countries reached an agreement with Greece on a set of prior actions that needed to be implemented in order for negotiations to start on the conditions to be set out in the memorandum of understanding.
The measures are divided into short-, medium- and long-term.
Some of them are to be implemented before the end of the programme, and others - upon successful conclusion of the programme.
Type of visa : Either “A”: Airport transit visa (this visa does not allow you to leave the “international” zone or the “customs” zone of the airport) Either “C”: A short-stay visa (a stay of less than 90 days) Either “D”: Long-stay visa (a stay in France of more than three months) Number of entries Either “MULT,” which means you may enter the Schengen area an unlimited number of times Either “1,” which means you may enter the Schengen area only once Either “2,” which means you may enter the Schengen area twice Length of stay : This is the number of days during which you are authorized to stay in the Schengen area (i.e., respecting the validity period of your visa).
If the Consulate issued a circulation visa (for one year or more), the number indicated is “90 days,” because you are authorized to stay a maximum of 90 days per six-month period.
These measures might include possible longer grace and repayment periods and will be conditional on full implementation of measures agreed in the programme.