European Commission confident on unlocking funds to Greece next week

8 June 2016
219 Views

The European Commission is confident Greece will have made enough progress on reforms by next week to permit a decision to unlock bailout funds at a June 16 meeting of eurozone finance ministers, a top official said on Wednesday.

Greece and its international lenders wrapped up the bulk of reforms needed for badly needed bailout cash in May, but left some loose ends which must be tied up before Athens can receive 10.3 billion euros ($11.48 billion) by September.

“I am totally confident on the fact that next week … the Eurogroup will be in a position to formally decide on the unlocking of 10.3 billion euros in several tranches,” Economic Affairs Commissioner Pierre Moscovici told French lawmakers in Paris.

You may be interested

Conde Nast Traveler: Greece among the 10 most beautiful countries in the world
GREECE
shares14 views
GREECE
shares14 views

Conde Nast Traveler: Greece among the 10 most beautiful countries in the world

Panos - Jul 20, 2018

Prestigious and worldwide leading travel publication Condé Nast Traveller has presented the 10 most beautiful countries in the planet and…

Why do Hollywood stars slock to Antiparos every Summer?
GREECE
shares14 views
GREECE
shares14 views

Why do Hollywood stars slock to Antiparos every Summer?

Panos - Jul 20, 2018

Antiparos is not the most glamorous of the Cyclades group of Greek islands, falling way behind not only giants like…

Only 24 Greek businesses have so far registered ‘Macedonian’ trademark for their products
FINANCE
shares13 views
FINANCE
shares13 views

Only 24 Greek businesses have so far registered ‘Macedonian’ trademark for their products

Panos - Jul 20, 2018

Greece's Hellenic Confederation of Commerce and Entrepreneurship (ESEE) this week issued detailed instructions on how businesses and producers in the…

Leave a Comment

Your email address will not be published.