Tag Archives: bailout tranche

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, …

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The Eurogroup may block an 8.5-billion-euro credit lifeline to Greece if the country does not grant immunity to privatisation agency officials from Spain, Italy and Slovakia, Spanish Economy Minister Luis de Guindos said on Friday. In 2015, a Greek prosecutor charged three officials at the country’s privatisation agency over a …

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Athens is willing to forego without the next bailout tranche of 7 billion euros, if there is not debt deal. That’s why the Greek government has put money aside and has not paid its own arrears to private companies. This is why German tabloid Bild writes on Tuesday. The newspaper …

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Chances are 50-50 for a comprehensive agreement over the Greek program at the Euroroup meeting on Monday, May 22 2017. A high-ranking Eurozone official, anonymous, of course, talked to several media representatives and correspondents late Wednesday afternoon and briefed them on the upcoming Eurogroup meeting. Among others, the EZ-official emphasized …

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The finance ministers of the Eurogroup did not approve the disbursement of the 2.8billion euro bailout trance. They agreed, instead, to  break the tranche into two installments: one of €1.1bn for now, while the second part of €1.7bn to be discussed in another EuroWorkingGroup and Eurogroup meeting on October 24th. …

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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 …

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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 …

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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 …

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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 …

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The Budget Committee of German Parliament (Bundestag) postponed the decision for the release of the bailout tranche for Greece. on Wednesday. “We have not released yet the istallment of the next bailout tranche as the implementation of a small remnant of the agreed measures by the Greek Government is still …

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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 …

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Greece can expect a total of 10.7- 11 billion euro as a bailout tranche if it successfully concludes the Program Review and reaches an agreement at the next Eurogroup on May 24th with regards to IMF’s contingency measures. According to Greek media reporting from Brussels: the disbursement of the 3. …

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Finance Minister Euclid Tsakalotos was already in Brussels, when the Greek Parliament was voting to adopt the Pensions Reforms and new Taxation bill short after midnight. In order to avoid that even one vote is missing, Tsakalotos made use of the option to vote per letter. He was certainly happy …

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The European Commission said today that it cannot confirm an extraordinary Eurogroup meeting on Thursday. This will be decided by  Eurogroup chief Jeroen Dijsselbloem  and will depend on the sufficient progress of the negotiation talks. EC spokeswoman Annika Breidthardt told reporters that “discussions on emergency measures in progress” and that …

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For one more time, Greece is in the Eurogroup’s Twilight Zone. Some of the creditors insist on putting obstacles in front of the release of the 2-billion euro bailout tranche. And no wonder, it is the usual “suspects”: Schaeuble, Dijsselboem & Co. Ok, everybody knows that Dijsselbloem is following Schaeuble’s …

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Greece’s Prime Minister Alexis Tsipras did not have time to join the Athens Marathon today Sunday. He stayed in his office instead and started calling around: European Commission President Jean-Claude Juncker, French President Francois Hollande, German Chancellor Angela Merkel. Top on the agenda: the release of  the 2 billion bailout …

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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 …

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Greek government is under immense pressure as money has run out, and the expected 2-billion-euro bailout tranche has not arrived yet. The Eurozone technocrats, the members of the Euro Working Group are supposed to make their first review of the implementation of the bailout programm and decide today whether Greece …

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Do you remember Yanis Varoufakis‘ “doctrine” for a Greek default within the euro zone”? That was back in 2012, when Varoufakis who was just an economics professor and games theorist, was touring the media claiming that “Greece should default within the eurozone.”  Now, exactly today, Wednesday, a similar scenario appeared …

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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 …

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