EuroGroup approves release of next tranche to Greece
The EuroGroup meeting in Brussels has come to an end, with Eurozone Finance Ministers agreeing to release the 6.7 billion euro bailout tranche to Greece. The meeting, which was presided over by the newly selected Portuguese Finance Minister Mario Centeno, concluded a little after 8,30pm (Greek time) and praised Greece for implementing nearly all the prior actions laid out on the programme, but the Finance Ministers called on the Greek authorities to work urgently towards implementing the pending actions, including online auctions and the continuation of privatisations.
The tranche is expected to be released in two sub-tranches. At the press conference that followed the meeting of the 19 Eurozone Finance Ministers, the new President Mario Centeno said: “We have reached a political agreement and welcomed almost all of the prerequisites and we call on the Greek side to implement all the outstanding measures in the next few weeks.” Mr. Centeno said the faithful implementation of the measures by the Greek government proved the close cooperation between Athens and the institutions.
You may be interested
Sports Tourism: Pakistan’s street cricketers bring game to life in GreecePanos - Jul 19, 2019
In a barren Athens parking lot, young Pakistanis get in position for a game of cricket. On one end of…
Iran seizes foreign tanker, US vows to protect vital Gulf waterwayPanos - Jul 19, 2019
Iran said on Thursday it had seized a foreign tanker smuggling fuel in the Gulf, and the U.S. military commander…
Margaritis Schinas will be the new Greek CommissionerPanos - Jul 19, 2019
The person that the new Greek Prime Minister Kyriakos Mitsotakis will propose for the position of the Greek Commissioner is…