European Financial Stability Facility (EFSF) Chief executive Klaus Regling revealed on Friday that the temporary European rescue fund will contribute with 109.1 billion euros from the announced 130 billion euros Greek second bailout, while the IMF will provide 28 billion euros loans to be equally distributed over four years.

Regling clarified that 48 billion euros of the EFSF will be used in Greek banks recapitalization over the coming few weeks.

This is aside from the 30 billion euros which were given to encourage private sector investors to participate in debt restructuring and the 5.5 billion euros of repayment of accrued interest.