Eurozone finance ministers will not decide at the Eurogroup meeting later on Nov. 12 in Brussels whether to disburse a badly needed 31.5 billion euros ($38.8 billion) loan tranche to Greece, German Finance Ministry spokeswoman Marianne Kothe said.
“We expect a long meeting today but no decision yet,” Kothe said at a press conference. “There are still a series open points and open financing questions.” A pending report on Greece by the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) has still not been released in full “but only individual parts which are then to be integrated in the final report,” Kothe noted.
Finance Minister Wolfgang Schaeuble needs the approval of the Bundestag, the lower House of Parliament, before being able to approve any further aid for Greece, Kothe reminded. One precondition for the Bundestag being able to decide is that the Troika report on Greece has
been released in full, she said.
Kothe said everybody is aware of the short-term financing needs of Greece. “The solution of these short-term liquidity questions is a topic of the talks at the moment,” she said.
(Source: MNI)
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