Tag Archives: disbursement

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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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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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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The final disbursement of 15 billion euros loan tranche to Greece has been made today, European Commissioner for Monetary Affairs Pierre Moscovici announced on Monday afternoon. Reason to celebrate? Hardly. The money is one more one more loan on the Greeks’ shoulders and increases the total loans to Greece to …

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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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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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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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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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The Eurogroup most obviously returned to blackmail policy after it officially admitted Greece has met 108 out of 110 prior actions. It froze the disbursement of 5.7 billion euros at the meeting on Monday. Furthermore, the finance ministers of the eurozone got to know the hidden personality side of Euclid …

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The Eurogroup gave the green light on Monday for the disbursement of the fourth tranche of the European Stability Mechanism (ESM) program for Greece, totaling 6.7 billion euros, following a meeting of the Eurozone’s finance ministers in Brussels. The Eurogroup said the funding will be paid out in two tranches, …

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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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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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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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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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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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Efforts, compromise and total surrender to creditors brought fruits: The European Stability Mechanism approved the financial assistance for Greece on Wednesday,, the first disbursement of the first tranche arrived on Thursday and it was directly forwarded to the European Central Bank for the payment of 3.2 billion euro maturing today. …

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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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After twelve hours of itching, Greece’s lenders, the EU/IMF/ECB agreed to save Greece for one more time and repel any danger for the Euro zone stability. A number of steps will cut the country’s debt to 124%  of gross domestic product by 2020 and to 110% in 2022. However the Eurogroup finance ministers refused …

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