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Eurogroup Chief Tells EP that ESM Will Approve 7.5-Bln-Euro Bailout Tranche for Greece

Eurogroup Chief Jeroen Dijsselbloem, speaking at the economic and monetary committee of the European Parliament, on Tuesday said he believed that the European Stability Mechanism would approve the disbursement of the 7.5-billion-euro loan tranche as Greece has met all...

EWG Gives the Green Light for the Disbursement of 7.5 Bln Euros for Greece

The Euro Working Group's meeting in Helsinki, Finland, on Thursday focused on ironing out the details of the program review for Greece. Technocrats of the Euro Working Group came to a positive conclusion, paving the way for the release...

Germany Postpones Release of Loan Tranche to Greece

German Bundestag did not recommend the release of the next loan tranche to Greece by the European Stability Mechanism rescue fund as earlier reports by Reuters had suggested. The German budget committee was supposed to have discussed the release...

EWG Gives Greece 24-Hour Deadline to Comply with Bailout Actions

The  Euro Working Group (EWG) meeting on Monday gave the green light for the disbursement of a 7.5-billion-euro bailout tranche to Greece provided that loose ends are tied up by Tuesday. The decision, based on a compliance report compiled...

Greece to Receive Next Bailout Tranche by June 13

Α source from the Greek Ministry of Finance said on Wednesday that the first installment of bailout tranches benchmarked for Greece, worth 7.5 billion euros (from a tranche worth 10.3 billion euros), will be disbursed by June 13. The same...

Eurogroup Highlights: An All-Night Thriller as Greek Debt Almost Divided Europe

Eurozone ministers locked horns for almost twelve hours at Eurogroup discussions aimed at unlocking the next tranche of bailout money for Greece. Athens entered the meeting hoping to receive an 11-billion-euro tranche of bailout funds in the second installment of...

Greece's EU Creditors Prepare For 11 Billion Euro Tranche After Review

Greece will receive an 11-billion-euro disbursement from its EU creditors (European Commission, European Central Bank, European Stability Mechanism) once the country completes a review of its bailout program. The funds will be for state arrears and debt servicing needs...

Slim Chances of Large Tranche Disbursement for Greece on May 24

Expectations for the disbursement of a large tranche for Greece are being lowered just a week ahead of the Eurogroup meeting of Eurozone finance ministers in Brussels on May 24. A European official said that the first packet of...

Greece and EU Reach Agreement on 5.4 Billion Euros, Confirms EU Official

Greece and its European creditors have agreed on a basic package of measures worth 5.4 billion euros, confirmed a European official from Brussels on Friday. Greek news site real.gr reports that the official points to an ambitious package of 17...

DW: Precautionary Credit Line for Greece May Delay

The Eurogroup has decided to give Greece a 10 million euro precautionary credit line for next year, but only if Athens agrees with the troika over the last tranche before December 8, according to a Frankfurter Allgemeine Zeitung report. The...