Remaining 1.7 bln euros of loan to be disbursed by ESM on Oct. 24
- Written by E.Tsiliopoulos
The European Stability Mechanism (ESM) will announce at its next meeting on October 24 the disbursement of the 1.7-billion-euro sub-tranche, when the September data for the state’s repayments of arrears to the private sector will be available, the finance ministry said in a press release on Monday.
According to the ministry, the data will show the target has been exceeded. The Eurogroup on Monday approved the immediate disbursement of the 1.1 billion euros to Greece that will service the country’s debt, recognizing that all the milestones of the first program review have been implemented.
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