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Tag Archives: 44 billion euro

Mammoth €44 Billion Bailout Tranche for Greece in Two Tranches

The mammoth tranche of 44 billion euro will be disbursed to Greece in two tranches, Greek media reported on Tuesday, hours before the start of crucial Eurogroup meeting. The first tranche of 34 billion euro will be released on December 5th 2012, while the rest 10 billion euro will flow …

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German FinMin: €44 Billion in One Payment to Greece only with Enhanced Control Mechanism

German Finance Minister Wolfgang Schaeuble confirmed on Tuesday evening that news that Germany considers to the payment of three bailout tranches of total 44 billion euro. As expected, Schaeuble stressed the need of an ‘enhanced control mechanism.” “You’ll run up three tranches by the end of the year,”Schaeuble told reporters today in Brussels, …

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