Senior EZ Official Says Tranche Disbursement Likely at Eurogroup on October 10



eurogroup-geniki

A senior Eurozone official told journalists that Greece’s pending prior actions can be completed before the Eurogroup meeting of the euro area’s finance ministers on October 10. The official said on Friday that the pending issues Greece needs to address are in the field of energy and the civil aviation authority. These two actions need to be completed by Wednesday when the International Monetary Fund (IMF) and the World Bank hold their annual meeting in Washington DC.

Following assurances from the Greek side regarding the completion of prior actions, the official expressed his optimism that the Euro Working Group will meet on Monday morning, followed by a meeting by Eurogroup to decide on the disbursement of the bailout sub-tranche worth 2.8 billion euros. The Eurogroup will not talk about the participation of the International Monetary Fund in the Greek program as it is directly connected to the completion of the second program review that hasn’t started yet and will only be possible after Eurogroup begins discussions on the second review.

The same source said that the institutions and EU member states are in talks regarding short-term measures for Greece as well as other issues when he was asked to comment on debt relief.


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