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Tag Archives: bailout tranche

Germany may delay €2.5 billion bailout tranche to Greece

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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Greece secured next bailout tranche: €6.8bn in sub-tranches

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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Troika gives Greece ‘green light’ to disbursement of €2.8 bn bailout tranche

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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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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Eurogroup: Dirty Games with Greek Bailout Tranche

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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‘Austerity Bill Not Enough for Bailout Tranche’, Say German FinMin & EU Commission

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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