ESM Board to Examine Disbursement of 1.0-Bln-Euro to Greece on June 14

ESM Board to Examine Disbursement of 1.0-Bln-Euro to Greece on June 14

The Board of Directors of the European Stability Mechanism (ESM) will meet on Thursday, June 14 to consider the disbursement of the remaining 1.0 billion euro of loans from the fourth tranche of the Greek programme, the ESM said.

According to an ESM announcement, at a meeting on June 8 "the Board of Directors adjourned consideration of the institutions’ assessment of Greece’s progress in arrears clearance, to allow for further confirmation that all necessary payments for arrears clearance have been executed in order to authorise the release of the remaining 1 billion euro."

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