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Eurogroup Chief Confirms Greece Has Met Prior Actions for Loan Tranche

New President-elect of the Eurogroup and Dutch Finance Minister Jeroen Dijsselbloem addresses the media after an Eurogroup finance ministers meeting at the EU Council in Brussels on Monday, Jan. 21, 2013.
Eurogroup chief Jeroen Dijsselbloem confirmed that Greece has met all the prior actions that will allow the disbursement of a 7.5 billion euro loan tranche, upon his arrival at a European Stability Mechanism (ESM) board of governors meeting in Luxembourg on Thursday.
Greece seems to have done all the work, he noted, apart from four small issues that will be dealt with later.
The outlook for Greece at Thursday’s meeting was good, he added, and there was every reason for optimism, while a decision from the ESM directors for the disbursement of loans will be taken on Friday.
“Greece has made a lot of progress on all the prior actions and the steps that were taken. Let’s get this done,” he added, before heading in to the annual ESM meeting with the other Eurozone finance ministers.
The meeting will discuss the ESM annual report and the conclusion of the first review of the Greek program, after which the governors are expected to instruct the ESM board of directors to formally approve the disbursement of the loans to Greece when they meet on Friday morning, ahead of the ECOFIN Council.
Source: ANA-MPA

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