Euro Working Group approved the disbursement of next 3 loan tranches
The Euro Working Group on Thursday formally approved the disbursement of next three loan tranches to Greece, amounting to 8.3 billion euros.
The first of three tranches is the largest at 6.3 billion euros, while the remaining two amount to 1.0 billion euros each.
At the same time, a similar discussion will take place at the International Monetary Fund (IMF) for the fund's own contribution to the Greek bailout effort, amounting to 3.6 billion euros according to ana-mpa
According to sources, the climate at Thursday's meeting was very positive toward Greece. The Greek side presented the main directions for boosting the Greek economy, focusing attention on both the financing aspect and the technical assistance aspect. Greek finance ministry sources said that Greece's European partners approached the issue with great interest and a clear readiness to help.
The Greek side also stated that, following the confirmation of the primary surplus figures by Eurostat, it was awaiting decisions on further measures concerning Greece's debt.
This is a discussion that will be held over the next months and is likely to be the object of the EU-IMF troika's next visit to Athens.
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