ESM approves €6.7 billion-euro tranche for Greece
The European Stability Mechanism (ESM) has approved the release of the €6.7 billion tranche for Greece as part of the bailout programme.
Of the total amount, 5.7 billion will be disbursed very soon, while the remaining 1 billion will be disbursed after the settlement of pending overdue debts by the state.
According to the ESM, disbursements for the repayment of arrears are dependent on Greece’s “satisfactory performance” regarding the decrease in its outstanding arrears with the funds that have already been disbursed.
You may be interested
How Productive is an Hour of Work (where is Greece)? (infographic)Panos - Jun 17, 2021
Figures from the OECD reveal the countries in which the average hour of work contributes the most to GDP. As…
Biden’s blunder as he confuses Putin with Trump (video)Panos - Jun 17, 2021
The American president Joe Biden’s blunder after the meeting with his Russian counterpart, Vladimir Putin, in Geneva has gone viral. It…
How the Hellenic Navy tricked a Turkish corvette trying to stop a live fire exercise (photos)Panos - Jun 17, 2021
The Turkish corvette Baykoz, which had departed from the Aksaz Turkish Navy Base opposite of Rhodes and was sailing west…