ESM approves of 6.7-bln€ bailout tranche to Greece

28 March 2018
761 Views

The ESM’s board of directors on Tuesday approved the disbursement of a 6.7-billion-euro tranche to Greece, as part of the ongoing bailout program, according to a press release by the Eurozone’s emergency fund.

Specifically, 5.7 billion euros will be released on Wednesday, with the remaining one billion euros to be disbursed on May 1, conditionally linked with the covering of arrears owed by the Greek state to the private sector.

Of the 5.9 billion euros, 3.3 billion euros is aimed to cover maturing debts; 1.9 billion euros for a “cash buffer”, and 500 million euros for covering arrears.

You may be interested

New Covid-19 curfew maps – Who can move, why and when (alert maps)
GREECE
shares48 views
GREECE
shares48 views

New Covid-19 curfew maps – Who can move, why and when (alert maps)

makis - Oct 23, 2020

Deputy Minister of Civil Protection Nikos Hardalias presented the plan for workers and those eligible to freely move by exception…

Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the country
GREECE
shares57 views
GREECE
shares57 views

Mitsotakis: Masks everywhere & curfew at night in the “orange” & “red” areas of the country

makis - Oct 22, 2020

The obligatory use of a mask everywhere was announced by the Prime Minister Kyriakos Mitsotakis as the first measure to…

Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessaloniki
GREECE
shares69 views
GREECE
shares69 views

Coronavirus Greece: Explosive rise with 865 new cases, 331 in Attica & 181 in Thessaloniki

makis - Oct 21, 2020

The Greek authorities announced today 865 new cases of coronavirus in the country, of which 82 are associated with known…

Leave a Comment

Your email address will not be published.