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



Greek Finance Minister Euclid Tsakalotos (center)

 

 

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 – Macedonian News Agency that by a Jan. 22 Eurogroup meeting, all fiscal and reform measures are expected to be implemented so that the tranche can be approved.

In Thursday night’s Eurogroup Working Group meeting, the eurozone’s deputy finance ministers were informed of the upcoming implementation of 55 out of the 110 measures agreed upon by the Greek government and the country’s lenders.

Thirty of those measures are expected to be implemented after Monday’s Greek parliament vote on the omnibus bill presented this week. The rest, non-parliamentary measures, will have to be agreed upon early next week.

If all goes well, the lenders will conduct a positive report for the Eurogroup Working Group by next Thursday, Jan. 18, approving the end of the third bailout review, which will lead to the official Eurogroup decision to release the tranche at the Jan. 22 meeting.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.