Eurogroup To Approve First 1 Bln Euro Sub-tranche Disbursement Of Greek Aid

Eurogroup To Approve First 1 Bln Euro Sub-tranche Disbursement Of Greek Aid

The Eurogroup on Monday is expected to approve the disbursement of the first 1-billion-euro sub-tranche after the country fulfilled the first six prior actions agreed with its international lenders.
EU partners are expected to ask Finance Minister Gikas Hardouvelis for a briefing on the implementation of the remaining six prior actions as well as on the court decisions annulling government legislation to cut wages of specific worker groups.
The heads of the troika (IMF’s Poul Thomsen, ECB’s Klaus Masuch and EU Commission’s Declan Costello who replaced Matthias Mors) are coming back to Athens on Wednesday.
Thomsen and Costello are expected to speak at an Economist conference on July 9-10. Hardouvelis and the head of the Managing Director of the European Stability Mechanism Klaus Regling are expected to speak at the same conference. Hardouvelis' first meeting in Athens with Greece's lenders will take place at the Finance ministry on July 10.
 
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.