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Greece

ESM Releases Last Bailout Tranche to Greece Worth €15B

Greece on Monday received a fifth and final multi-billion-euro payment ahead of the country's exit from its economic bailout scheduled for Aug. 20. The European Stability Mechanism (ESM) said it had disbursed €15 billion ($17 billion) to Greece which would cover spending...

Germany Puts Last Bailout Tranche to Greece on Hold

Germany blocked a final 15 billion-euro ($17.5 billion) bailout payment to Greece after the government in Athens postponed a value-added tax (VAT) hike on a handful of islands that have been hit hard by the influx of migrants. For the...

€6-7B Greek Bailout Tranche Set for Late January

    The next Greek bailout tranche, worth 6 to 7 billion euros, is expected to be disbursed in late January, provided that 55 agreed-upon measures are undertaken by the Greek government by that time. A Eurogroup source told the Athens -...

ESM Dispenses 7.7 Bln Bailout Tranche to Greece

The European Stability Mechanism (ESM) announced the actual disbursement of the next loan tranche to Greece which took place on Monday, as scheduled. #ESM executed 1st disbursement of €7.7 bn under the 3rd tranche, money arrived in #Greece, press release...

Eurogroup Approves 15 Milestones and Unlocks Half of Bailout Tranche for Greece

The Eurogroup welcomed the implementation of the 15 milestones set for Greece in the context of the first review of the European Stability Mechanism's program, however, this did not result in the unlocking of the full 2.8-billion-euro tranche benchmarked...

SYRIZA Cabinet Discusses Prior Actions Required for Bailout Tranche

Prime Minister Alexis Tsipras and his close aides and members of cabinet discussed the current review of Greece's program during a meeting on Monday. Government sources discussed the review and noted that the omnibus bill of outstanding prior actions...

Greece Will Not Get Bailout Tranche in September, German Report Says

The euro zone will not give the green light for bailout funds to Greece in September at the Bratislava Eurogroup on Friday, according to German financial newspaper Handelsblatt Global. The report cites European Commission officials who argue that the reason...

Eurogroup Chief Tells EP that ESM Will Approve 7.5-Bln-Euro Bailout Tranche for Greece

Eurogroup Chief Jeroen Dijsselbloem, speaking at the economic and monetary committee of the European Parliament, on Tuesday said he believed that the European Stability Mechanism would approve the disbursement of the 7.5-billion-euro loan tranche as Greece has met all...

Greece to Receive Next Bailout Tranche by June 13

Α source from the Greek Ministry of Finance said on Wednesday that the first installment of bailout tranches benchmarked for Greece, worth 7.5 billion euros (from a tranche worth 10.3 billion euros), will be disbursed by June 13. The same...

One Billion Euro Bailout Tranche Could be Released Before Christmas

Greece is likely to receive the delayed one billion euro bailout installment before Friday. European Commission spokesperson Mina Andreeva claimed on Monday that creditors will decide on the release of the money before Christmas if everything goes smoothly. "Greek authorities delivered all the outstanding...

Draft Bill on Prior Actions Needed for 1-bln-euro Bailout Tranche Tabled in Parliament

A draft omnibus bill legislating for the prior actions and milestones Greece must implement in exchange for a 1.0-billion-euro tranche of bailout loans has been tabled in Greek Parliament, following an agreement reached with Greece's creditors late last week. The...

Greece Not Likely to Get Bailout Tranche on Monday's Eurogroup

Greece's delay in negotiations over reforms required by the bailout program has left many issues still open, rendering the disbursement of the 2-billion-euro subtranche highly unlikely, according to European Commission sources. The cancellation of the Euro Working Group teleconference scheduled between...

IMF Official: Greek Elections Delay Bailout Tranche, Market Loses €800 Mln

International Monetary Fund official Poul Thomsen said that elections will cost Greece the delay of the next bailout tranche disbursement and deprive the market of 800 million euros in liquidity. Thomsen briefed the IMF board of directors on the Greek...

Eurogroup to Declare End of Bailout Review, but No Cash Tranche Yet

The Greek government has invested heavily in a smooth conclusion of the third bailout review and Monday's Eurogroup meeting is expected to confirm that, but it is also expected to hold off on the 6 to 7 billion euro...

IMF Approves Next Tranche of Greece's Bailout

The International Monetary Fund (IMF) approved the disbursement of a €3.41 billion installment of Greece’s bailout package on Thursday, ending six months of protracted negotiations. During its meeting, the IMF board reviewed the latest report submitted by the head of its...