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Tag Archives: disbursement

Greece requests disbursement of €3.56 billion from Recovery Fund

Greece on Wednesday officially filed its first request for the disbursement of 3.56 billion euros in the framework of the National Recovery and Resilience Plan “Greece 2.0”, following completion of all relative landmarks and goals. The 15 landmarks and goals, agreed with the EU, include among others preparations to extend …

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Greece to receive €728 million disbursement from EU’s SURE program

European Commission President Ursula von der Leyen announced on Tuesday the disbursement of 728 million euros to Greece in the framework of the EU’s SURE financial support program. Von der Leyen made the announcement in Greek on Twitter where she also announced the SURE share for other EU member states …

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Eurogroup postpones release of €970mn to Greece for “no fulfilling commitments”

Finance ministers of the eurozone decided to postpone the release of 970 million euros claiming that Greece has not fulfill its commitments to the European creditors with regards to the post-bailout reforms program. Creditors hold off on Greek debt relief payment “waiting for clarity on reform progress,” said European Stability …

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German Parliament approves €15bn disbursement for Greece

The budget committee of the German Parliament approved on Wednesday the disbursement of the last loan installment for Greece. Berlin has blocked the disbursement of 15 billion euros in July after the Greek government had announced the postponement of  Value Added Tax hikes for five islands hit by the migration …

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ESM approves “in principle” €15bn bailout tranche to Greece

The European Stability Mechanism said that it has approved “in principle” the disbursement of the €15 billion to Greece. Ignoring the approval by 18 eurozone member state, Germany blocked the last bailout tranche at the Eurogroup on Thursday, expressing reservations about a fiscal hole of 28 million euros that will …

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Eurogroup gives green light for €6.7billion disbursement to Greece

The Eurogroup gave the green light for the disbursement of the next bailout installment and set a 100-day course to complete the next round of of completion of the remaining prior actions. 6.7 billion euros will be paid in two installments, with the first amounting €5.7billion expected in the second …

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Eurogroup Chief says “EWG gives green light to €5.7bn disbursement for Greece”

The Eurogroup Working Group (EWG) gave the green light on Friday for the disbursement of a 5.7-billion-euro loan sub-tranche to Greece, Eurogroup chief Mario Centeno said. He added that the bailout tranche will be released in the second half of March.     the statement was posted on Twitter by …

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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, …

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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 …

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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 …

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Creditors hand out Greece One Billion Euro bailout tranche

Greece’s European creditors gave the green light for the disbursement of the one billion euro in the context of the third bailout program. According to some news agencies, the creditors have already even “handed over” the one-billion-euro. The bailout tranche release has been made after creditors came to conclusion that …

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Creditors approve €2billion disbursement for Greece

The borad of directors of the European Stability Mechanism approved the disbursement of 2 billion euro bailout tranche to Greece. In a statement issued Monday afternoon the ESM said that the money will primarily be used for debt service, as well as for arrears clearance, and co-financing projects funded by …

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Creditors’ new combo “The Troika Four” started inspections in Athens

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, …

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