European Commission confident on unlocking funds to Greece next week

8 June 2016
141 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

Global tourist arrivals break 7-year record in 2017, UN Barometer reveals!
GREECE
shares20 views
GREECE
shares20 views

Global tourist arrivals break 7-year record in 2017, UN Barometer reveals!

Panos - Jan 17, 2018

Global tourism recorded its highest growth in 2017, with international arrivals rising by 7%, a performance well over the 4%…

Five foods to help you eliminate nicotine from your body
GREECE
shares25 views
GREECE
shares25 views

Five foods to help you eliminate nicotine from your body

Panos - Jan 17, 2018

Nicotine causes a rapid increase in blood pressure and serious damage to the lungs. In addition, even if someone stops…

Piraeus Port Gets Ready To Welcome Mega Vessel
FINANCE
shares55 views
FINANCE
shares55 views

Piraeus Port Gets Ready To Welcome Mega Vessel

Panos - Jan 17, 2018

Greece’s shipping industry is showing serious signs of growth as a Piraeus port in the throes of a multi-million-euro expansion…

Leave a Comment

Your email address will not be published.