Tag Archives: tranche

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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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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Germany expressed reservations for the disbursement of the €15 billion tranche due to Greek government’s unilateral action to postpone Value Added Tax hikes on five islands hit by the refugee crisis. Also the planned discussion about freezing of the further pension cuts was blocked by Berlin at the Eurogroup on …

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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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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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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 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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HURAAH! HURRAH! The European Stability Mechanism approved the third bailout tranche of €8.5 billion new loan to Greece. The large part of the ESM financial assistance, €7.7billion,  is expected to be made by the ESM on Monday. The rest €0.8 billion may be made after 1 September 2017 provided Greece …

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Head of Eurogroup and still acting Dutch fiance minister Jeroen Dijsselbloem said that Greece needs to complete all prior actions before the 7-billion euros bailout tranche is released. In his role as finance minister Dijsselbloem said in a letter to the Dutch Parliament to inform about the results of the …

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The Bavarian Minister of Finance, Markus Soeder (CSU), a fierce Grexit supporter of Merkel’s  CDU sister party  apparently has moved away from his demand for a Greek euro exit. During a visit to Athens, Soeder said that the problems around Britain’s exit from the EU showed how difficult a Grexit …

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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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He has been suspiciously quiet lately. Apparently because he had nothing new to say. But today, he thought it was time to raise hand and catch Athens’ eye. Just in case, the Greeks wanted to make some short of secret arrangements with noble guest EU Commissioner Pierre Moscovici or something. …

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“We don’t want the €7 billion. We want to sit down and rethink the whole program,” Greek Finance Minister Yanis Varoufakis told New York Times in an interview right after he assumed his new post. Out task “is to restructure the debt and the economy to get the money we …

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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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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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After several months of tough negotiations, additional austerity measures and crucial delays, the finance ministers of the euro zone approved the disbursement of 52.5 billion euro bailout funds, consisting of three tranches due in 2012. The mammoth fund will be given to Greece in three tranches: the 34.3 billion euro …

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 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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