Friday , December 15 2017
Home / Tag Archives: bailout tranche

Tag Archives: bailout tranche

Greece needs more prior actions before tranche disbursement possible

A delay is expected in the disbursement of the bailout tranche from Greece’s creditors. Reason for the delay is allegedly that some of the prior actions required have yet to be fulfilled. Speaking to daily Kathimerini, sources say that instead of the decision that was to be made on Thursday, …

Read More »

EU diplomat: No fresh bailout money for Greece

The euro zone will not release additional bailout money for Greece at a meeting in Bratislava this month, E.U. diplomats told German daily Handelsblatt. Athens has only implemented two of 15 political reforms that are conditions for the bailout money, the diplomats said. Above all, Greece has been slow to …

Read More »

EU source: Greece has made little reform progress

Same procedure as last time? Same procedure as every time! – before Greeks and lenders come together to talk about the Program progress that usually ends in the release of a bailout tranche. As the second review of the Greek program in terms of the third bailout are to commence …

Read More »

Program Review concluded, ESM approves €7.5bn, Supplemental MoU with more measures

Greece passed the test “Program Review” with success, after the government completed all prior actions. Therefore the board of directors of the European Stability Mechanism (ESM) approved the disbursement of €10.3 billion. It is the second tranche of the third bailout. The first disbursement of  €7.5 billion, is expected to …

Read More »

EWG, Germany approve €7.5bn bailout tranche for Greece

All prior action demanded from Greece have been fulfilled. The Euro Working Group gave the green light for the disbursement of the €7.5billion bailout tranche form the European Stability Mechanism on Thursday evening. The Budget Committee of the German Bundestag approved the disbursement on Friday morning. According to Reuters, the …

Read More »

Eurogroup on Greece: a carrot for a bunch of sticks

The marathon negotiations in Brussels ended at 3 o’ clock in the morning. The Eurogroup finance ministers but in fact Germany and the International Monetary Fund agreed to give a carrot to Greece yet keep waving a bunch of sticks for as long as it takes. At first stage, lenders …

Read More »

EU official confuses Greece’s Bailout Tranche with Lottery Win

Hop! Hop! Hop! Run! Run! run! The Loan Lottery is awaiting for you! OK. Not for you but for …Greece! An EU official anonymous told foreign media in Brussels that the Greek government might win [sic] a delayed 2 billion-euro aid disbursement by Nov. 9. “Win”? Win a loan? Win a …

Read More »

EWG OKs €2.5bn to Greece, EU official sees €3.8bn program shortfall

A good news and a bad news: the Euro Working Group approved the 2.5 billion euro bailout tranche to Greece. The announcement was made via …Twitter! The Euro Working Group of finance officials has approved the disbursement of a E2.5 billion aid tranche for Greece, European Commission spokesman Simon O΄Connor …

Read More »