Substantive agreement between Greece and the institutions

17 November 2015
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Eurogroup chief Jeroen Dijsselbloem welcomed the “substantial agreement” reached by the institutions and the Greek authorities in statements to ANA-MPA.

“I was informed that a substantial agreement has been reached between the Greek authorities and the institutions on all pending matters of the reforms that are included in the first package of the prior actions as well as on the reforms referring to the financial sector which are very important for the successful recapitalisation of the banks. These are good news.” he stressed to ANA-MPA reporter Maria Aroni.

Referring to EWG’s teleconference on Tuesday, Dijsselbloem said that EWG made an evaluation of the condition and “welcomed the substantial progress that has been made” and underlined that the “omnibus bill is expected to be ratified by the Greek parliament on Thursday”.

Concluding, Eurogroup chief said that after the completion of the agreed condition and the implementation of the law the Eurogroup and the EWG are ready to decide the disbursement of the 2 bln euros sub-tranche that is linked with the first package of the prior action and to transfer to the Stablity Fund the necessary capitals, from the 10 bln euros envisaged, for the recapitalisation of the Greek banks.

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