First Review of Greek Programme Essentially Concluded, Tsakalotos Says

First Review of Greek Programme Essentially Concluded, Tsakalotos Says

The European Stability Mechanism (ESM) governors' decision to approve the disbursement of a 7.5-billion-euro loan tranche to Greece essentially marks the conclusion of the first review of Greece's programme, Greek Finance Minister Euclid Tsakalotos said in Luxembourg on Thursday, in an exclusive statement to the ANA-MPA. On Friday, ESM directors will simply formally ratify this decision, he added.
In his meeting with European Commissioner for Economic and Financial Affairs Pierre Moscovici, Tsakalotos said that a lot has changed since last year, since the recapitalisation of Greece's banks had been completed, the first review of the programme concluded and there was now an agreement on Greece's debt.


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