EuroWorking Group gives the green light for 2.8 bln euro tranche
The Board of Directors of the European Stability Mechanism (ESM), which meets on Tuesday in Brussels, is expected to formally approve the disbursement of the two sub-tranches (1.1 billion + 1.7 billion euros).
More specifically, the disbursement of the 1.1 billion euro sub-trance has already been approved by the Eurogroup meeting on October 9, in which it was found that Greece had fully met the 15 prior actions, while the decision for the 1.7 billion euros was pending until the September figures for the repayment of state arrears were sent to the institutions.
Greece sent the data last week and the representatives of the eurozone Finance ministries examined the final report of compliance of the institutions, giving the green light for the disbursement of the remaining 1.7 billion euros.