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Tag Archives: tranche

EU Commission approves a €748million tranche to Greece

Despite the effects of the coronavirus pandemic on its economy and society, “Greece has taken the necessary actions to achieve its due specific reform commitments”, the European Commission said in the sixth enhanced surveillance report on the country, released on Monday. The Commission recommended that the Eurogroup releases a tranche …

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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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ESM approves release of €1 billion bailout tranche to Greece

The Board of Directors of the European Stability Mechanism (ESM) today authorised the release of €1 billion to Greece for the clearance of arrears. This is the remaining amount of the fourth tranche of ESM financial assistance, approved on 27 March 2018. It will be disbursed to a dedicated account …

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ESM postpones release of €1billion bailout tranche for Greece

The board of directors of European Stability Mechanism did not approve the release of one billion euros sub-tranche for Greece on Friday. The board of ESM reportedly requested more data about the arrears of the Greek state to the private sector, ERT TV reported. The board of directors is expected …

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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 to launch platform for online foreclosures on Nov 29

The intention of Greek government to start online foreclosures on November 29 was reiterated at a meeting between government officials and the technical experts of the country’s creditors in the Greek capital. According to previous reports, the online foreclosures will be held for properties worth more than 300,000 euros. The …

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Greece reaches deal with creditors: “Now negotiations for debt relief,” says Tsakalotos

From Monday afternoon till Tuesday dawn of Tuesday, Greek government and creditors’ representatives sat in Hilton hotel for the fine touch on outstanding issues. The results is an additional austerity measures package without extra financing. This practically means a two-year extension of the bailout agreement Greece and the European creditors …

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Athens: Greece’s Euro-partners will bless next bailout tranche

Greece’s lenders seem in general satisfied with the outcome of the multi-bill voting on Sunday night. The impact of voting to Greeks’ EU partners was immense. For example, one of the fierce critics of debt-ridden Greece, German Finance Minister Wolfgang Schaeuble immediately declared, he felt …relaxed. German Finance Minister Wolfgang …

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Bailout tranche balckmail: Troika wants 25K lay-offs from Greek public sector

Every two-three months the same procedure… Greece’s lenders increase pressure on the government of the debt-ridden country that hesitates to proceed with the Troika’s demands. This time the issue of lay-offs in the public sector lays high on the negotiation table. Greek media report, that the Troika gave a very clear …

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UBS Deeply Worried Greece’s Lenders May Not Give Next Payment

 It’s not only Greeks worrying about the outcome of the May-6 elections. Lenders, investors and banks cannot hide their fears either. However the concerns of Greeks and markets stand diametrically opposite to each other. While more than 60% of Greeks worry they may get another PASOK-Nea Dimocratia government, the money sector …

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