Tag Archives: bailout tranche

On Wednesday I read in Greek media, the Euro zone minister (Euro Working Group) gave the green light for the 2.5 billion Greek bailout tranche. On Thursday I read that the euro zone has delayed its decision on whether to approve its next aid payment for Greece until Friday after …

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Has Greece fulfilled all the conditions to receive the next bailout tranche of 2.5 billion euro? According to German deputy Finance Minister apparently not. In a letter to German Parliament (Bundestag) Steffen Kampeter claims, that the debt-ridden and slow-in-reforms country has  completed 17 out of 22 required measures. While Athens …

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The finance ministers of Eurogroup and Greece’s international lenders approved on Monday evening the next bailout tranche for the debt-ridden country. A total of 6.8 billion euro are to come to Greece in three aub-tranches and be immediately forwarded to anybody else except the average Greek. The money will only make …

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Representatives of Greece’s lenders – the “Troika” – are back in Athens and due to meet with finance minister Yiannis Stournaras and other ministers in charge of the upcoming ‘reforms’ – when ‘reforms’ are translated into cuts in public spending and privatization of state assets. New and additional austerity measures …

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Greece’s international lenders, representatives form EU, IMF and ECB gave the green light for the rapid disbursement of the 2.8 billion euro bailout tranche, after negotiations with the government that lasted several days. “The recent steps taken by the (Greek) authorities indicate that the March targets will be fulfilled soon, so …

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Greek Prime Minister Antonis Samaras solemnly announced on Thursday the distribution of a tiny part of the €34.3 billion bailout tranche to pay out state arrears.  40 million euro will go to pay the lump sum for more than 1,200 civil servants, 255 million will go to indebted municipalities, 180 …

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The finance minister of the eurozone countries are to meet at 5 p.m. today Saturday and hold an extraordinary session to discuss the next bailout tranche for Greece. The meeting will take place in the form of a video conference. Today’s meeting aims to settle a number of issues related to …

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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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International Monetary Fund Managing Director Christine Lagarde said on Wednesday she expected a “real fix” for Greece that included debt sustainability, rather than a “quick fix”.Speaking during a visit to Malaysia, Lagarde said that all of Greece΄s partners shared the same goal of putting the country΄s recovery programme back on …

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Greek Parliament adopted the inhuman austerity bill and the sharp-cuts budget 2013. Two main preconditions for the debt-ridden country to receive the 31-billion-euro bailout tranche. Just recently, Prime minister Antonis Samaras had claimed, that the state has money until November 16th 2012. However Greece’s lenders do not seem willing to …

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The austerity package that will bring financial disaster to millions of Greek households was apparently not enough for Greece’s lenders to give the green light for the release of the 31 billion euro bailout tranche. Of course, the budget 2013 has to be adopted by the Greek Parliament, as well. …

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The third austerity measures package – commonly called “Third Memorandum” of 13.5 billion euro, was brought to Greek Parliament with the signatures of all government ministers on Monday afternoon. The relevant committee of the Parliament will discuss the bill tomorrow Tuesday as of 11 a.m.. The bill will be discussed at …

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He is getting more and more dramatic every time he speaks in the Greek Parliament. Finance Minister Yiannis Stournaras does not miss a chance to praise the benefits of the upcoming austerity measures package – or tsunami.” The cost for the country would be infinite, if we do not take the …

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Greek Prime Minister Antonis Samaras revealed the dramatic situation of Greece’s finances : “Without the aid tranche of 31 billion euro, Greece will go bust.” Hours before meeting German Chancellor Angela Merkel in Berlin on Friday,  Samaras sent his message to the iron lady of Eurozone saying also that Greece’s “economy is …

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The external interventions on the Greek election process do not come to a halt. The European Commission threatened anew the Greek voters saying that the release of the next bailout tranche will very much depend on the outcome of the June 17 elections.  The commission and IMF review of Greece’s …

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