ESM Approves Disbursement of Remaining 800 Million Euros to Greece

ESM Approves Disbursement of Remaining 800 Million Euros to Greece

The European Stability Mechanism (ESM) authorised on Thursday the release of 800 million euros to Greece for the clearance of arrears, during a meeting of its board.
This is the remaining amount of the third tranche of ESM loan, approved on 7 July 2017. It will be disbursed to a dedicated account for clearing arrears. The release of funds followed a positive assessment by the European institutions of the clearance of net arrears by the Greek government, as defined in the Technical Memorandum of Understanding.
"I am satisfied to note the Greek government's continued commitment to clear arrears. The amount of arrears reduced in recent months means that Greece has overperformed the target set in the program, and this should have a positive impact on the country's economy.
               
ANA-MPA

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.