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GreekReporter.comGreek NewsEconomyThe Eurozone Reportedly Delays Disbursement of Needed Bailout Funds to Greece

The Eurozone Reportedly Delays Disbursement of Needed Bailout Funds to Greece

Greek-European-FlagsRepresentatives of the Eurozone’s finance ministries were unable to officially approve the disbursement of two billion euros of bailout funds to Greece, as well as of the 10 billion euros for the country’s bank recapitalization, during a Euroworking Group meeting in Brussels on Friday. cites European officials who claim that while there was a broad approval of the Greek government’s efforts toward accomplishing the prior actions needed to receive funds, certain details need to be worked out.
The report notes that some of the attending representatives felt that Greece would be unable to fulfill one of the prior actions and noted they still need clarifications on three other prior actions.
The Greek government is expected to produce the necessary proposals during the weekend, so that the Euroworking Group can greenlight the disbursement before Monday’s Eurogroup.
The Greek parliament has legislated three sets of prior actions to garner its creditors’ approval for the provision of additional funds, since mid-October, the latest legislation having taken place on Wednesday.

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