Austrian Finance Minister Josef Proell said on Wednesday that Greece will receive its next tranche from the EU-backed bailout package in January instead of December, Reuters reports.
Referring to talks on Tuesday night in the Eurogroup that focused on Ireland, Portugal and Greece, Proell said:
“We also discussed Greece very briefly and the Greek tranche will be postponed until January and not be paid out in December. We are waiting for the numbers out of Greece but it looks significantly better now,” he told reporters on Wednesday.
It is noted that Proell had said on Tuesday that Greece had not fulfilled commitments for its European Union-backed aid package and that Austria had not yet submitted its contribution for December.
In a seperate annopuncement, Greece΄s Finance Ministry said that the next trance is indeed delayed to January due to “technical reasons.”
“Regarding the payment of the third tranche coming from euro zone countries… the process requires at least ten working days and for this reason the disbursement will be completed in early January,” the Greek Finance Ministry said.
“This has been agreed a long time ago with the European Commission and creates no cash problem at all for our country,” the Ministry added.
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