Greece
Calamos Supports GreeceCalamos Supports Greece
GreekReporter.com Greek News Economy €6-7B Greek Bailout Tranche Set for Late January

€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.

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!




Related Posts