EuroGroup: Bad news for Greece, as final tranche delayed until August

13 July 2018
749 Views

Despite the optimism expressed in recent days in Athens and Brussels that Thursday’s Eurogroup meeting would be the most mundane and indifferent to date, and a mere formality, the outcome hid a negative surprise, as the disbursement of the final tranche of 15 billion euros to Greece was blocked and postponed until August.

As Eurogroup President Mario Centeno said on Thursday, following the end of the Eurogroup meeting in Brussels during a joint press conference, the tranche will be disbursed to Greece in August

At a press conference given jointly by Centeno, ESM director Klaus Regling and European Finance Commissioner Pierre Moscovici, the Eurogroup president said the member-states approved the tranche disbursement but the final decision will be made once national processes are completed in Germany: “I expect it at the beginning of August,” he said.

Regling said this is the last joint press conference with the other two men while Greece is still in an adjustment program, which ends on August 20 as he noted.

Greece is on the way to normalcy, he said, and the last tranche will be disbursed when the last national parliament’s approval is completed, Moscovici said, calling for patience.

You may be interested

Pakistani gang leader arrested by Greek police
GREECE
shares40 views
GREECE
shares40 views

Pakistani gang leader arrested by Greek police

makis - Nov 27, 2020

The Pakistani leader of a gang, whose knife-wielding members broke into an apartment in Kaminia last Saturday and slaughtered a…

These blood types have a lower risk of contracting Covid-19
HEALTH
shares37 views
HEALTH
shares37 views

These blood types have a lower risk of contracting Covid-19

Panos - Nov 27, 2020

New research adds to the growing body of evidence that people with blood type ‘O’ may have a lower risk…

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks
WORLD
shares51 views
WORLD
shares51 views

Former New York Times reporter blasts Amazon for censorship over Covid-19 masks

Panos - Nov 27, 2020

Former New York Times reporter Alex Berenson has slammed Amazon for attempted ‘censorship’ after the company backed down from its…

Leave a Comment

Your email address will not be published.