Tagged: Tranche

ESM convenes to discuss payment of €2bn tranche to Greece

The head of the Eurogroup Jeroen Dijsselbloem reported that the Euro Working Group has agreed that Greece has implemented the first package of prior actions, thus paving the way for the 2-billion-euro tranche to be paid out by the European Stability Mechanism. The European Stability Mechanism has also announced that it will convene on Monday […]

Tranche secured, attention moves to next actions

The European Stability Mechanism is expected to give the green light Monday for the disbursement of Greece’s next bailout sub-tranche, worth 2 billion euros, and less than 10 billion euros that will go towards bank recapitalization. This will officially signal the start of the next round of negotiations between Greece and its lenders on the […]