The Eurogroup of Eurozone finance ministers are likely to approve the disbursement of a 2.8-bln-euro tranche on loans benchmarked for Greece during their next meeting in Luxembourg on Monday. Two high-ranking Eurozone officials indicated on Friday that the release of the installment is a matter of course.
The tranche may either be made in part or in full because Greece has met almost 15 of the reform milestones that had been set by its EU creditors/partners as a term of the payout. Nonetheless Greece is urged to complete the Greek state asset privatization fund that is viewed as an untapped source of revenue.
“They are getting there,” said one of the officials. “But I am aware of at least one milestone that has not been fully met, so it is probably 14.5 (terms) that are met.”
“It is possible that this is solved by Monday morning. Most ministers in the Eurogroup have lost patience with Greece, and they keep this pressure up because they believe that in Greece things can only be done under pressure. If it is not ready, they will wait,” the official said.
The two officials spoke on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington.