ESM Approves Disbursement of 15-Bln-Euro Loan Tranche to Greece

ESM Approves Disbursement of 15-Bln-Euro Loan Tranche to Greece

The fifth and final tranche of loans to Greece under the third programme, amounting to 15 billion euros, will be disbursed within the coming days, the European Stability Mechanism (ESM) announced on Thursday.
The announcement follows the approval of the disbursement by the German Bundestag, which completed national parliamentary procedures to approve the Supplemental Memorandum of Understanding with Greece.
"The Supplemental Memorandum of Understanding with Greece was approved by the Board of Governors on 1 August 2018 following the completion of national parliamentary procedures. Today, the European Commission signed it on behalf of the ESM.

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