The Euroworking Group on Friday approved the 1 billion euro tranche of economic aid to Greece, the Finance Ministry said.
The country’s lenders believe that Greece has fulfilled the first six prior actions agreed and that the loan could be disbursed on Monday, July 7 when a Eurogroup meeting is scheduled to discuss, among other things, the progress of the Greek economic program implementation.
Greek authorities, meanwhile, focus on the remaining six prior actions. Government officials estimate that this can be achieved within the month, offering a clear sign of credibility ahead of the return of troika officials to Athens on July 9. The troika officials will assess the course of implementing prior actions, budget execution and any fiscal discrepancies created from court decisions annulling government legislation to cut wages of specific worker groups.
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