ESM to Decide Whether to Disburse Remaining 800 Million Euros to Greece on Oct. 26

ESM to Decide Whether to Disburse Remaining 800 Million Euros to Greece on Oct. 26

The European Stability Mechanism (ESM) said on Monday its board will meet on October 26 to discuss whether to disburse the remaining 800 million euros of aid to Greece. The disbursement will depend on whether the state has made progress in clearing its arrears.
"The Board of Directors will consider the institutions' assessment of Greece's progress in arrears clearance. A satisfactory assessment under the terms of the third tranche of financial assistance to Greece would pave the way for the Board of Directors to consider the release of the remaining 0.8 billion euros earmarked for arrears clearance under this tranche," the organization said in a press release.

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