Eurogroup approves disbursement of 978 mln euros to Greece
- Written by E.Tsiliopoulos
The Eurogroup on Friday approved the positive recommendation of the institutions (European Commission) and the Euro Working Group for the disbursement of the 978 million euros to Greece, finance ministry's sources said.
The tranche represents the return of the profits held by the European Central Bank and national central banks in the EU from Greek bonds (ANFAs and SMPs), as well as the suspension of the interest rate increase of the second loan agreement, as part of the medium-term debt relief measures. Once the disbursement by the Eurogroup has been approved, national approval procedures will be launched, including votes in some parliaments, such as the German one.
It is noted that, according to the same sources of the finance ministry, the climate during the meeting was very positive regarding Greece and the progress of reforms.
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