EuroWorking Group gives “go-ahead” for completion of 3rd review

19 January 2018
159 Views

The EuroWorking Group (EWG) is expected to issue a positive report for the completion of the third review of the Greek programme to the EuroGroup, which is scheduled to convene on Monday, January 22.

According to a Eurozone source, the EWG was pleased during a teleconference with the progress of Greece regarding the implementation of the prior-actions and gave the “green light” for the completion of the review and the subsequent disbursement of the next tranche to the embattled country.

Monday’s EuroGroup meeting is expected to focus on the exact amount of the sub-tranches to be released, as the total of the tranche stands between 6 and 7 billion euros. The first disbursement will take place in the second half of February and once the national parliaments give their ratifications, the board of the ESM will give its final approval.

According to newspaper “Kathimerini”, Eurozone Finance Ministry aides said Greece had so far implemented 89 of the necessary prior-actions included in the programme from a total of 113.

You may be interested

Giannis Antetokounmpo never forgets his roots
GREECE
shares63 views
GREECE
shares63 views

Giannis Antetokounmpo never forgets his roots

makis - Feb 19, 2018

In an interview with ESPN, Giannis Antetokounmpo, known as the “Greek Freak” due to freakish athletic abilities and his prowess…

FYROM PM: Name dispute with Greece to be resolved by July
POLITICS
shares65 views
POLITICS
shares65 views

FYROM PM: Name dispute with Greece to be resolved by July

makis - Feb 19, 2018

The Prime Minister of FYROM, Zoran Zaev effectively announced that his country will have reached an agreement on the name…

Bloomberg: Greece will not receive € 5.7bln tranche at EuroGroup today
FINANCE
shares109 views
FINANCE
shares109 views

Bloomberg: Greece will not receive € 5.7bln tranche at EuroGroup today

makis - Feb 19, 2018

Greece is not expected to receive the Eurogroup approval today for the € 5.7 billion disbursements, as there are still…

Leave a Comment

Your email address will not be published.