Eurogroup Concludes Meeting, Decides on Bisbursement of 10.3 Billion Euros in Installments

Eurogroup Concludes Meeting, Decides on Bisbursement of 10.3 Billion Euros in Installments

The Eurogroup discussion on Greece's program review and debt issue concluded with an agreement in principle early on Wednesday morning, according to eurozone officials.
Eurogroup President Jeroen Dijsselbloem announced the next loan installment to Greece would total 10.3 billion euros and be disbursed in sub-tranches. He also said that in terms of the debt there was agreement on both short- and long-term issues, as well as on a long-term mechanism.
Dijsselbloem also said that the International Monetary Fund had expressed its intention to participate in the Greek program before the end of the year. This would be preceded by two steps, a new analysis of the debt's viability and the assessment of the measures that were decided today on the debt, he added.

ANA-MPA

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